AQAR Appraisal Consultancy by EVA | Services

Appraisal Services

The appraisal services of our company are based on national and international appraisal standards (IVS).

Scope of our appraisal business include reporting services for machinery and real estate appraisal and also reporting services for real estate-based rights and benefits.

Real Estate Appraisal,

  • Plots and lands
  • Factories and Production Plants
  • Commercial Buildings (Offices, Stores…etc.)
  • Shopping Centers
  • Hotels, Holiday Villages, Accommodation Facilities
  • Marinas and Ports
  • Golf Facilities
  • Fuel Oil Stations
  • Logistics Buildings
  • Residential Properties
  • Entertainment Facilities and Theme Parks
  • Quarries and Mines
  • Dorms
  • Highway Recreation Facilities

 

Appraisal of the Real Estate-Related Rights and Interests,

  • Rent Value Appraisal
  • Superficies Value Appraisal
  • Resource Rights Appraisal

 

Market and Sectoral Research Reports,

  • Shopping Centers, Hotels, Lojistics, Ofices, Student Dormitories, Service Station Sector..etc

 

Feasibility Studies,

Location Analysis,

Goodwill Appraisal Studies for Projects and Buildings,

Urban Transformation Consultancy and Goodwill Appraisal

Strategic Advisory,

Project Appraisal Studies,

Highest and Best Use Studies,

Tender Process Management Counseling,

Portfolio and NPL appraisals,

Real Estate Training Activities,

Title Deed Due Diligence Reports,

Opinion Reports for Evaluation of the Assets

 

Construction Investments Progress Reports

Technical counseling with independent and professional approaches is required during the development of investment projects by real estate investors and finance organizations. The following services are provided by the specialized staff of our company

 

  • On-site follow up and proper use inspections of the allocated loans for investment projects that are financed by loan institutions
  • Monitoring and reporting cost and construction projects
  • Preparation of Project Progress Survey Reports
  • Inspection of the Legal and Actual Use Status of Building Areas
  • Analysis and Reporting of Official Documents
  • Technical Due Diligence

 

For which transactions is Technical Counseling Required?

Banks and Financing Organizations that provide loan financing for quality and large-sale projects require a “Project Progress Survey Report” with independent and professional approaches during the loan release stage.

The following issues should be controlled by our experts during the delivery of this service.

  • Project progress due diligence and work schedule control
  • Up-to-date Costs
  • Expenditure Controls
  • Comparison of the compliance of realized and budgeted costs and reporting to loan financer

Besides, the measurement of the compliance of the physical areas considered in the investments considered by natives and foreigners to official documents and the identification of differences if there are any, and the examination and reporting of the physical conditions of buildings.

The license examinations of buildings in all aspects; the inspection of their official documents, the identificaton of incomplete documents and reporting of the results.

 

EVA + Appraisal Services for Mortgages Machinery Equipment Valuation

Appraisal Services Rendered to Banks for Loan Evaluation

The EVA + Department of our company offers “appraisal services for the Credit Appraisal of Banks”. This department continues working with solution partners from various professional disciplines around Turkey, that are specialized and able to receive all sorts of technical support from us. We are at your service within our 9 branches which located in Istanbul Head Office, Izmir, Ankara, Beylikduzu, Antalya, Bursa, Diyarbakır, Kayseri, Sakarya and Trabzon.

*Across Turkey:

  • In 55 different provinces, we render Appraisal Reporting Service in “Short Report Format” for Housing Loans, within 48 hours.

 

Machinery Equipment Valuation

  • Machinery Park and Fixed Asset Appraisals
    • Appraisal of Any Kind of Machinery Park and Equipment for Industrial Use
    • Cement Plants
    • Refineries
    • Shipyards
    • Land, Air and Sea Vehicles
    • Appraisal of Renewable Energy Sources
    • Wind Power Plants, Hydroelectric Power Plants and Thermal Power Station

 

Research and Reporting

Eva Real Estate Appraisal Company –taking initiatives every time to launch novelties in its sector, as with its research & reporting department providing professionally research services since 2010, in charge of conducting field research, software planning and development, database development, cross analysis of integrated data pool and reporting. Regional as well as sectoral market analysis studies issued from time to time by this department are available to our customers.

Our services include the following;

Market Analysis and Sectoral Research Reports

  • Branded Housing Sector Report
  • Turkish Shopping Center Sector Report
  • Office Sector Report
  • Hotel Sector Report
  • Dormitory Sector Report

Customized Market Analysis Reports

  • Market Analyses on Macro Scale (by Nation/Province)
  • Market Analyses on Micro Scale (by District/Road)
  • Comparative Analyses

Sectoral Facts and Analyses Covering Economic Data

  • Periscope Magazine
  • Periscope Analysis

 

Consultancy Service on Remission for Zoning Violations for Corporations

Real Estate Appraisal Reporting Service for Turkish Citizenship

According to “The Regulation Amending Regulation for Application of Turkish Citizenship Law” issued in Official Journal on 19.09.2018 with number 30450, purchase of a property in the amount of 250,000.- USD will be sufficient for foreigners for being granted a Turkish citizenship.  The minimum limit for purchase amount which was 1,000,000.- USD before was lowered to 250,000.- USD as such.

 

Whether the value declared at land registry is above 250,000 USD will be determined by appraisal values to be issued by Real Estate Appraisal Companies certified by Capital Market Board (SPK) and Real Estate Appraisal Companies listed by Banking Regulation and Supervision Board (BDDK).

 

As EVA we render service at the stage of issue of property appraisal report presenting market value, by professional appraisers holding a valid license, accredited by Capital Market Board (SPK), in compliance with international valuation standards

 

Guidelines for Purchase of Properties by Foreigners.

https://www.tkgm.gov.tr/tr/icerik/yabancilarin-tasinmaz-edinim-rehberi

 

Regulation Amending Regulation for Application of Turkish Citizenship Law

http://www.resmigazete.gov.tr/eskiler/2018/09/20180919.pdf

 

Appraisal Report Services for Real Estate Sales/Purchase Transactions of Foreign Nationals

Obligation for ‘real estate appraisal report’ has been set forth in cases of not only citizenship application but any sales transaction in which foreign national persons participate as seller or buyer parties, by Circular Letter No 2019/1 dated 15.02.2019 issued by Land Registry and Cadaster General Administration under Ministry of Environment and Urban Development of Republic of Turkey.

According to this circular entering into force by 4th March 2019, broadening the field of operation of appraisal sector – principles of international valuation standards and practical principles of other relevant regulations shall be applied to real estate appraisal reports to be issued by real estate appraisal institutions authorized by Banking Regulation and Supervision Board (BDDK).

Click for Circular;

 

https://www.tkgm.gov.tr/sites/default/files/icerik/ekleri/yabancilarin_tasinmaz_ediniminde_degerleme_raporu_alinmasi_hakkinda_2019-1_0.pdf

 

Urban Transformation

Our Urban Transformation Department is capable of providing project coordination services for the entire of an urban transformation project to be carried put for the reconstruction of problematic urban areas and/or buildings – including project stages from the identification of ownerships and zoning plan conditions on different scales and contexts, to compiling new projects, goodwill studies by theoretic calculations based on former and new developed projects, providing support in land registry and municipality procedures and in contractor selection.

Such project studies are performed under the framework of LAW 6306 FOR TRANSFORMATION OF AREAS UNDER EARTHQUAKE RISK.

In transformation projects for individual buildings, we provide – in cooperation with our business partners (architectural, legal, technical and similar) – coordination for the following services;

  • Collecting information about zoning plan status,
  • Preparation of preliminary/draft project in coordination with Architecture Office,
  • The presentation of studies to landlords and obtaining their views,
  • The preparation of legal and technical specifications based on the generally accepted project in coordination with Law Office,
  • The tender process with construction companies including the preparation of preliminary specifications,
  • The assessment of offers obtained in tender process, together with landlords,
  • Further cooperation throughout the process of agreement with construction company based on tender offer accepted,
  • Coordination of the procedures at land registry offices together with landlords or the technical commission assigned by landlords,
  • Coordination of services rendered by legally qualified companies for risk analysis services ((following up procedures for objections against the building exposed to risk, following up exemption documents after the objection, following up the demolition notifications process once the risks for the building is determined)
  • The management of the appraisal study process to be performed by Capital Markets Board licensees related with the building exposed to risk under law,
  • The organization of the process for meetings required under law and meetings for the building exposed to risk under the supervision of public notary,
  • Notifications inviting to agree with the legal decision within 15 days, to landlords objecting/failing to agree with such,
  • Management of public auction process for landlord denying to agree with legal decision and executing all procedures and transactions on behalf of the building management,
  • Periodical technical auditing and reporting for the building until completion of the construction and delivery under the agreement with contractor company and written notification of the auditing reports to landlords or to the technical commission assigned by landlords, In transformation/urban renovation projects for shanty housing regions – we provide in-house and in cooperation with our business partners the following essential institutional services;
  • Performing highest and best use studies for the region
  • Identifying analysis, usage analysis and number of storey analysis
  • Performing appraisal studies
  • Reconciliation and research for required projects and contractors
  • Contractor selection
  • Following up the procedures as required under law

 

Urban Transformation

Our Urban Transformation Department is capable of providing project coordination services for the entire of an urban transformation project to be carried put for the reconstruction of problematic urban areas and/or buildings – including project stages from the identification of ownerships and zoning plan conditions on different scales and contexts, to compiling new projects, goodwill studies by theoretic calculations based on former and new developed projects, providing support in land registry and municipality procedures and in contractor selection.

Such project studies are performed under the framework of LAW 6306 FOR TRANSFORMATION OF AREAS UNDER EARTHQUAKE RISK.

In transformation projects for individual buildings, we provide – in cooperation with our business partners (architectural, legal, technical and similar) – coordination for the following services;

  • Collecting information about zoning plan status,
  • Preparation of preliminary/draft project in coordination with Architecture Office,
  • The presentation of studies to landlords and obtaining their views,
  • The preparation of legal and technical specifications based on the generally accepted project in coordination with Law Office,
  • The tender process with construction companies including the preparation of preliminary specifications,
  • The assessment of offers obtained in tender process, together with landlords,
  • Further cooperation throughout the process of agreement with construction company based on tender offer accepted,
  • Coordination of the procedures at land registry offices together with landlords or the technical commission assigned by landlords,
  • Coordination of services rendered by legally qualified companies for risk analysis services ((following up procedures for objections against the building exposed to risk, following up exemption documents after the objection, following up the demolition notifications process once the risks for the building is determined)
  • The management of the appraisal study process to be performed by Capital Markets Board licensees related with the building exposed to risk under law,
  • The organization of the process for meetings required under law and meetings for the building exposed to risk under the supervision of public notary,
  • Notifications inviting to agree with the legal decision within 15 days, to landlords objecting/failing to agree with such,
  • Management of public auction process for landlord denying to agree with legal decision and executing all procedures and transactions on behalf of the building management,
  • Periodical technical auditing and reporting for the building until completion of the construction and delivery under the agreement with contractor company and written notification of the auditing reports to landlords or to the technical commission assigned by landlords, In transformation/urban renovation projects for shanty housing regions – we provide in-house and in cooperation with our business partners the following essential institutional services;
  • Performing highest and best use studies for the region
  • Identifying analysis, usage analysis and number of storey analysis
  • Performing appraisal studies
  • Reconciliation and research for required projects and contractors
  • Contractor selection
  • Following up the procedures as required under law