Türkiye will require that payments for real estate sales be made through a registered payment system as of July 1, 2026, under a regulation published in the Official Gazette.
The regulation, prepared by the Trade Ministry, amends the rules governing real estate trade and introduces new procedures for payments in property sales.
According to the regulation, part or all of the payment in real estate purchases and sales will be made through a payment system established by banks and financial institutions operating under the Banking Law.
If part or all of the sale price is financed by banks, financing companies or savings finance companies, the remaining amount not covered by the loan will also be transferred through the system.
The move will make it mandatory for non-credit portions of property sale payments to be transferred in a secure and registered manner.
A service fee will be charged to those using the system. The fee will be deducted from the amount transferred to the seller.
The procedures and principles of the payment system, as well as the monitoring of the process and the resolution of technical problems, will be determined by the Environment, Urbanization and Climate Change Ministry.
The regulation also requires businesses to notify authorities of changes in their operating address, trade name or field of activity within specified periods. In such cases, their authorization certificates will also need to be renewed.
Use of the system will remain optional until July 1, 2026.
