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Turkey Starts Secure Payment System for Home Sales from July 1
The Ministry of Trade is implementing a significant shift in real estate transactions in Turkey. Effective July 1, 2026, the Secure Payment System, currently used in second-hand vehicle sales, will become mandatory for all real estate transactions. This new regulation aims to prevent risks such as fraud and unregistered transactions by ensuring the simultaneous transfer of both the funds and the title deed.
Simultaneous Fund and Title Deed Transfer
Under the new system, if the sale price is paid in part or in full via cash or electronic funds transfer (EFT/Wire), the payment and the legal title will be transferred simultaneously. In cases where bank loans or financing are used, any payments exceeding the loan amount must also be processed through this system. The applicable service fee will be deducted directly from the sale price credited to the seller’s account. To ensure a seamless transition, a commission comprising representatives from the Ministry of Environment, Urbanization, and Climate Change will provide ongoing technical oversight and resolve any potential issues.
How the Secure Payment System Operates
A secure payment platform will be integrated with banks and authorized financial institutions. During the transaction phase, the funds transferred by the buyer will be held in escrow until the title deed transfer is officially recorded. Once the transfer is finalized, the funds are automatically released to the seller’s account. This process effectively eliminates one of the most common concerns that arise when purchasing property in Turkey: the risk of not receiving the money or the title deed. As a result, the Secure Payment System is expected to significantly enhance transparency and confidence within the real estate sector.
Complete Protection for Buyers and Sellers
Traditionally, real estate transactions in Turkey could cause stress for both parties due to the physical exchange of large sums of money. Carrying substantial amounts of cash posed risks like theft or extortion, while manual payments could lead to counterfeit currency or counting errors. These issues were particularly prevalent among the common pitfalls in the Turkish property market. By ensuring that the transfer of title and funds occurs simultaneously in a secure digital environment, the new system is designed to eliminate these risks and provide comprehensive protection for all parties involved.
Source: Official Gazette – Regulation amendment dated April 29, 2026
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