Companies exempt from real estate valuation in Turkey GYO

Turkey is considered one of the leading real estate markets in the world, and recently it has become a focal point for both local and international investors. To facilitate real estate investments and enable investors to achieve the best possible returns, Turkey has a special type of company known as GYO or "Gayrimenkul Yatırım Ortaklığı," which translates to "Real Estate Investment Trust" in Arabic. These companies have several characteristics that attract investors, including an exemption from property valuation, making them a pivotal point in real estate investments in Turkey.

Concept and Characteristics of GYO

GYO companies are a specific type of firm focused on real estate investment and development. Their activities include the development of residential and commercial projects, management of existing properties, and leasing them to generate financial returns. Thanks to this integrated investment model, GYO offers investors the opportunity to benefit from a range of advantages that are not available in traditional real estate investments.

Advantages of Investing in GYO

The advantages of investing in GYO companies are numerous, making them a preferred choice for many. Some of the most notable benefits include :

1. Diversification and Risk Distribution : GYO companies invest in a wide range of properties, including residential, commercial, and office projects. This diversity reduces the risks associated with investing in a single property, allowing investors to strategically distribute their investments.
2. Stable Returns : GYO companies provide stable financial returns from rents and the income generated through property management and leasing. These returns represent a regular and stable source of income for investors.
3. Liquidity : Investing in GYO shares offers greater liquidity compared to direct property sales. Investors can easily and quickly buy and sell their shares in the financial market, providing them greater flexibility in managing their capital.
4. Tax Exemptions : GYO companies benefit from multiple tax exemptions in Turkey, enhancing their ability to achieve higher profits. This tax exemption makes the investment returns in these companies more attractive to investors, as their properties are also exempt from property valuation.

Examples of GYO Companies in Turkey

Turkey boasts a range of leading real estate companies trusted by the Turkish government and classified as GYO companies, including :

1. SİNPAŞ GYO : One of the pioneers in real estate development in Turkey, established in 1980. The company has extensive experience in executing high-quality residential and commercial projects. It is characterized by professionalism, quality, and a commitment to timelines and specifications. The company continually strives to achieve customer satisfaction by providing the best real estate solutions that meet their needs and aspirations. Its projects feature prime locations and innovative architectural designs that blend authenticity with modernity. The company aims to fulfill client expectations and provide a comprehensive living environment that caters to their needs and offers a distinguished quality of life.
2. LUXERA GYO : Founded in 2015 and headquartered in Istanbul, LUXERA GYO began its activities in the construction sector with the aim of creating luxurious and upscale residential and commercial areas. The company is distinguished by its strong shares, extensive expertise, strategic vision, innovative mindset, and effective organizational structure, all of which aim to achieve a prominent position on both international and local platforms in a short time. It offers living spaces that align with its clients' aspirations. LUXERA GYO aspires to be a leading company in guiding the construction sector through its investments in exceptional locations and rapidly evolves through its partnerships across various sectors.
3. FUZUL GYO : Founded in 1992 under the name Fuzul Otomotiv as part of the Fuzul Group, FUZUL GYO entered the construction sector in 2000, starting to produce branded residential apartments. Fuzul Yapı has achieved numerous notable successes in the sector thanks to its advanced policies that represent a form of trust. The company has signed numerous important projects and successfully provided homes and offices for thousands of families since its inception. Fuzul Yapı aims to continue its growth by dedicating itself to creating comfortable living spaces that align with human nature while ensuring quality and credibility.
4. KİLER GYO : KİLER GYO is a subsidiary that has been operating since 2004, overseeing the construction projects developed by BİSKON YAPI. This company specializes in building high-value investment apartments, equipped with technological amenities and impressive architectural designs. The company's aim is to provide comfortable, high-quality housing that is easily accessible. KİLER GYO adopts a professional and transparent approach in managing its projects, placing great importance on meeting the needs of clients and ensuring their complete satisfaction. By executing projects with the highest quality standards and paying attention to the details, KİLER GYO seeks to achieve excellence and build a strong reputation in the real estate sector.
5. ÖZAK GYO : Özak GYO established its real estate investment trust (REIT) in 1995, founded by Özak Global Holding, which has experience in the construction sector since 1995. Özak GYO develops residential, office, warehouse, tourism, and commercial properties.With its extensive experience in construction and real estate development, Özak GYO offers high-quality projects featuring modern designs that cater to diverse customer needs. Thanks to the high quality of its projects, the company enjoys a strong reputation in the real estate market.
6. İŞ GYO : İŞ GYO belongs to İşbank and invests in a variety of properties. This company provides diverse investment opportunities and has extensive experience in managing real estate assets.

Property Valuation in Turkey

Property valuation is a key document required by the Turkish government for foreign investors wishing to acquire property in Turkey. It is considered a detailed report that outlines the market value of the property according to specific criteria. This report is one of the essential official documents needed to complete the title deed registration process for property sales to foreigners in Turkey. It holds particular significance in determining the value of the property that grants the owner the right to apply for Turkish citizenship or residence through property ownership. This report is issued by reliable companies, and its purpose is to Preserve the true purchasing value of the property and safeguard the rights of investor clients in Turkey. The report provides details about the property intended for purchase, including the city, neighborhood, and street where the property is located, as well as its condition, age, size, view, attached services, and even the legal status of the property.

Obtaining a property valuation report takes approximately 4 days to a week after submitting the request to the specialized company, including the time taken for the report to arrive by mail. The document is valid for three months from its issuance date, allowing the property owner to use it if they wish to sell the property before it expires.