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What Is the Municipal Property Value (Rayiç Bedel)? Why Is It Important in Real Estate Transactions?
One of the most important concepts in the Turkish real estate market is the Municipal Property Value (Rayiç Bedel). Whether you are purchasing a property for investment, obtaining a residence permit, or applying for Turkish citizenship, understanding this value is essential.
What Is the Municipal Property Value?
The Municipal Property Value is the official value assigned to a property by the local municipality for taxation and official registration purposes.
It is important to note that this value does not necessarily reflect the property’s actual market price.
Is the Municipal Value the Same as the Sale Price?
No.
For example, a property may be sold for €300,000, while its official municipal value may be significantly lower or different.
Why Is It Important?
The Municipal Property Value is used for:
- Title deed procedures
- Property tax calculations
- Municipal registrations
- Official government transactions
Is It Enough for Turkish Citizenship?
No.
For Turkish Citizenship by Investment, the official value considered is the licensed valuation report prepared by an SPK-authorized appraisal company, not the municipal value.
Dasa Investment
At Dasa Investment, we assist our clients throughout every stage of the purchasing process, including valuation procedures, title deed transfers, residence permits, Turkish citizenship applications, and comprehensive after-sales services.
Contact our professional team for more information.