Turkish Citizenship by Investment: Procedural Update on Property Valuation
The Turkish government has introduced the TTB certificate to replace property valuation reports for citizenship applications starting December 9, 2024.
Understanding the New TTB System
The Turkish government just updated the TTB system for the Turkish Citizenship by Investment program. From December 9, 2024, the old property valuation reports are gone. Instead, you'll need a Property Acquisition Amount Determination Certificate. People call this the TTB. It's the new way the state tracks property values for your application.
This certificate takes the place of reports from private firms. The goal is to set clear property values and make sure every investment hits the legal minimum. GEDAŞ issues the TTB through the TADEBİS app. They're a state group under the Ministry of Environment and Urbanization.
Key Changes to Property Valuation Reports
Before this change, you hired private experts to value your home. Now, the government handles everything centrally. This TTB system acts as official proof that your property qualifies for citizenship. It stops price tricks and makes things clearer for foreign buyers. So, you can trust the value is fair and legal.
The TTB checks if your purchase price matches the market value in the government’s digital system. This ensures the price on your title deed is right. It also proves you've spent enough to qualify for your passport.
Current Investment Thresholds for Turkish Citizenship
The paperwork is changing, but the costs stay the same. You still need to meet specific price points to get your passport. Here are the current limits based on when you buy:
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About Hamit Ekşi
Expert real estate consultant specializing in Turkish Citizenship by Investment programs.
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