Cadastral value and market price – what is the difference?
The cadastral value (rayiç bedel) is the official valuation of real estate set by the state for tax and fee purposes. It is recorded in the Tapu documents. The market price is the actual value at which an object can be sold on the open market, determined by the balance of supply and demand. Historically, the cadastral value has been significantly lower than the market value, but since 2025, the authorities have been striving to bring these figures as close as possible.
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