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Secure Payment System In Real Estate Sales: What The New Regime Brings And The Implementation Timeline
Turkey introduces a mandatory Secure Payment System for real estate transactions, requiring sale prices to be held in blocked bank accounts until title transfer is complete. The system aims to eliminate risks of cash handling, counterfeit money, and under-declared prices while ensuring simultaneous exchange of property title and payment. Implementation has been postponed to December 1, 2026, pending completion of technical infrastructure between land registry authorities and banking institutions.

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