Secure Payment System Becomes Mandatory in Property Sales in Turkey
What’s Changing?
Starting from July 1, 2026, cash payments and uncontrolled bank transfers in property transactions will effectively come to an end. Instead, all payments will be processed through a secure, regulated system designed to protect both buyers and sellers.
How the System Works
Under the new model, the buyer will no longer send the payment directly to the seller. The agreed sale amount will be held in a secure, blocked account managed by authorized banks or payment institutions. Once the title deed transfer is officially completed at the land registry office, the system will automatically release the funds to the seller. If, for any reason, the transfer does not go through, the money will be safely returned to the buyer.
Why This Matters
This system is designed to eliminate common risks in real estate transactions, especially fraud and mistrust between parties. Situations where buyers lose money without receiving the title, or sellers transfer ownership without getting paid, are expected to become a thing of the past. At the same time, the entire process will be digitally recorded, increasing transparency and accountability.
Is It Similar to Car Sales?
Yes, very much so. The model is based on the secure payment system already used in second-hand vehicle sales in Turkey, which has proven to be effective and reliable.
When Does It Become Mandatory?
The system is scheduled to take effect on July 1, 2026. However, authorities have indicated that implementation could be postponed for up to three months if necessary.
What to Keep in Mind
As transactions move through banks and licensed institutions, a service fee is likely to apply, although details are yet to be finalized. Informal practices such as partial cash payments or unregistered deposits will become far more restricted. With everything recorded digitally, tax monitoring and compliance are also expected to increase.
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