A new era begins in land registry: It will be mandatory as of December 1

A new date has been determined for the Secure Payment System, which will change the payment process in real estate sales in Turkey. The system, which is planned to be implemented by the Ministry of Commerce, is expected to be implemented compulsorily as of December 1, 2026.

The application, which was first planned to be put into operation on July 1, was postponed first to October and then to December in order to complete technical preparations.

According to the regulation, if all or part of the real estate sales price is paid in cash, money order or electronic fund transfer, the money is planned to be transferred through the Secure Payment System.

PAYMENT WILL BE MADE SIMULTANEOUSLY WITH THE PAPU TRANSFER

The new system aims to reduce the risks that may arise from the time difference between the transfer of ownership of the real estate and the payment of the sales price.

In current practice, problems may arise such as the title deed not being transferred even though the buyer makes the payment, or the seller not being able to collect the sales price after transferring the title deed. With the Secure Payment System, it is aimed to prevent these risks and secure both the buyer and the seller.

The Ministry expects the application to reduce the risks of fraud and forgery, as well as contribute to the prevention of informality in real estate sales.

HOW WILL THE DETAILS OF THE SYSTEM BE DETERMINED?

An integrator will be authorized by the Ministry of Commerce to establish and operate the Secure Payment System. The operating principles of the system will be regulated by a protocol between the relevant units of the Ministry and the integrator.

Which real estate sales will be excluded from the scope of the system, the usage fee to be charged during the transaction and other details of the application will also be clarified in this process.

The Ministry reported that technical infrastructure work between the General Directorate of Land Registry and Cadastre and banks is continuing in order to implement the application.