Understanding Property Valuation Methods in Turkey
Property valuations in Turkey often differ from international standards, creating confusion for foreign buyers. Official valuations (vergisel değer) used for tax purposes typically sit 30-50% below market prices, while bank appraisals tend to be more conservative than seller expectations.
Three main approaches are used:
Comparative market analysis of recent neighborhood sales
Cost-based calculations for new constructions
Income potential assessments for rental properties
Discrepancies between these methods can significantly impact mortgage approvals and negotiation leverage. Regional variations also exist, with tourist areas often having wider valuation gaps.
For location-specific valuation insights, Yektahomes provides detailed market reports.
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