The purchase and sale price of a real estate in the current market is called its fair value. In Article 266 of the Tax Procedure Law No. 213, \u201cThe current value is the normal trading value of an economic asset on the valuation day.\u201d defined as. The current market value determined by the commissions appointed by the governorships indicates the lowest value of the real estate in the current market conditions. Criteria such as the city and district where the real estate is located, the social facilities in its vicinity or its proximity to transportation points are among the factors that are effective in determining the current value.<\/p>\n
The depreciation of the building is also taken into account when determining the current market value for real estate. If there is more than 1 year between the date of completion of the building construction and the date of sale of the real estate, 2% depreciation is deducted from the current value.<\/p>\n
The current market value can be determined by following the above procedures, or it can be identified by the municipalities in which the property is located. By entering the age of the building and the neighborhood in which it is located on the sites of the municipalities of the area, the current market value can be found according to the streets. On the other hand, an inquiry about the value of the land market can be done from the tab in \u201ce-government<\/a>\u201d. By entering the neighborhood, street name and building age<\/p>\n In order to calculate the current market value, which can also be called the market value, first of all, the market value and square meter of at least 3 houses in the region where the real estate is located should be learned. After obtaining this information, the title deed fair value can be determined with the following calculation steps:<\/p>\n The market price may also change according to the urbanization density, economic situation and the supply-demand balance in the markets.<\/p>\n","protected":false},"excerpt":{"rendered":" What is the Market Value, How is it Calculated? The purchase and sale price of a real estate in the current market is called its fair value. In Article 266 of the Tax Procedure Law No. 213, \u201cThe current value is the normal trading value of an economic asset on the valuation day.\u201d defined as. […]<\/p>\n","protected":false},"author":1,"featured_media":89772,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[537],"tags":[],"class_list":["post-91278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey-property-buying-guide"],"_links":{"self":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/91278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/comments?post=91278"}],"version-history":[{"count":0,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/91278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media\/89772"}],"wp:attachment":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media?parent=91278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/categories?post=91278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/tags?post=91278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How is the Market Value Calculated?<\/h2>\n
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