When is an SPK-licensed valuation report required in Turkey?

An SPK-licensed valuation report is required in certain transactions such as foreign-to-foreign property sales, applications for Turkish citizenship by investment, residence permit applications based on real estate purchase, and some bank-financed transactions where an official market value must be documented.

Who prepares an SPK-licensed valuation report?

The report is prepared only by independent real estate valuation companies that are licensed and supervised by the Capital Markets Board of Turkey (SPK). These firms follow strict methodology and their reports are accepted by banks, land registries and public authorities.

Is an SPK valuation report mandatory for all property sales?

No. For many standard sales between a Turkish seller and a Turkish buyer, an SPK valuation report is not mandatory. However, it becomes compulsory for specific cases such as foreign-to-foreign transfers, citizenship applications and certain regulated transactions.

How long is an SPK-licensed valuation report valid?

In practice, most institutions in Turkey accept an SPK-licensed valuation report for a limited period, often around three months from the issue date, provided that there is no major change in the property or market conditions.

What is the difference between a normal appraisal and an SPK-licensed valuation?

A normal appraisal can be issued by various real estate professionals, whereas an SPK-licensed valuation report must follow capital markets regulations and be issued by a company officially licensed by the Capital Markets Board. As a result, SPK reports have a higher level of formal recognition in banking, citizenship and regulatory processes.

SPK-Licensed Real Estate Valuation Report in Turkey Explained

Capital Markets Board (SPK) Licensed Valuation Report

Independent, bank-grade valuation required in specific real estate transactions.

For certain transactions in Turkey, an SPK-licensed real estate valuation report is mandatory. This includes sales where both the seller and the buyer are foreign nationals (foreigner-to-foreigner transfers), as well as applications for Turkish citizenship by investment or residence permits based on property purchase. The report is prepared by independent valuation firms licensed by the Capital Markets Board (SPK) and is recognised by banks, land registries and public authorities.

SPK licensed valuation report sample – page 1

Page 1: Cover page and summary details of the licensed valuation report.

SPK licensed valuation report sample – page 2

Page 2: Property identity, location information and basic legal checks.

SPK licensed valuation report sample – page 3

Page 3: Market analysis, comparable sales and valuation methodology.

SPK licensed valuation report sample – page 4

Page 4: Final value conclusion, signatures and licensing information.

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