Appraisal is conducted by independently licensed appraisers regulated by Turkiye's Capital Markets Board, the equivalent of the FSA or SEC.

Appraisal fees charged by lenders vary between YTL 300 and YTL 550; properties over a certain size may be subject to a higher fee. While the favoured practice by Turkish lenders is to request appraisal fees in advance, Turkish Mortgage Centre prevails upon lenders to conduct appraisal after the lender has approved the applicant's borrowing capacity at credit committee.

The valuations produced by licensed appraisers are used to establish value for mortgage lending purposes. The appraisal is not what is ostensibly referred to as a survey in the UK, and is not performed by a certified civil engineer, as is the case with RICS licensed surveyors in the UK. In Turkey structural and building surveys are provided independently and by instruction to civil engineers.

Investment valuation is an entirely different matter. Investment valuation of individual residential units is more an imperfect art form, rather than a science - much depends on location. We can, however, provide the benefit of extensive private internal data, not available publicly, on land and both residential and commercial property prices over the last 5 years in both Istanbul and Turkish Coastal regions. With 25 years of first hand knowledge of the Turkish coastal environs, identifying key factors likely to effect both capital growth and rental yield potential of specific locations, and also address many ancillary issues related to location, services, infrastructure, and demographic factors, including pricing within different segments, and of course fundamental issues related to build quality.

Investment appraisal of new-build residential or commercial projects can identify opportunities for maximizing investment valuations via design for optimal use, and thereby improve rates of return and reduce the cost of capital.

The significant difference of our valuation approach derives from the investment appraisal methodology we use. We evaluate an asset's investment returns not just to the point of sale, as is common. We instead evaluate an asset's returns over its expected life cycle. An extensive knowledge of alternative business models in related industry sectors, combined with an in-depth knowledge of the secondary market place for resale of built assets, provides the insight required to identify opportunities for enhancing project returns by a significant magnitude