2025 CMB Real Estate Appraisal Minimum Fee Schedule

What is the CMB Appraisal Fee Schedule?

Real estate appraisal activities in Turkey are subject to strict oversight and regulations under the Capital Markets Board (CMB). In order to maintain service quality, prevent unfair competition and safeguard professional standards, the CMB publishes an annual "Real Estate Appraisal Minimum Fee Schedule". This schedule, which comes into effect upon publication in the Official Gazette, establishes the legally mandated minimum fees that CMB licensed appraisal firms must charge for their services. The fee schedule serves a dual purpose: it protects consumers by ensuring that cost-cutting does not compromise report quality, and it protects the profession by establishing a baseline for fair compensation.

Key Principles of the 2025 Minimum Fee Schedule

The fee schedule established for 2025 has been updated to reflect inflationary pressures, rising operational costs and the skilled workforce required to deliver professional appraisal services. It is important to emphasise that the figures in the schedule represent "minimum" or floor prices. Depending on the nature of the property being appraised, the scale of the project and the labour intensity involved, actual fees may be set above these minimum thresholds. The schedule ensures that no CMB licensed firm undercuts the market to a degree that would compromise professional standards and report integrity.

How Are Appraisal Fees Calculated?

The CMB fee schedule is not a single flat rate. It is structured as a tiered system based on the type and characteristics of the property. The main factors that determine the minimum fee are as follows:

1. Property Type and Function

The type of property that is the subject of the appraisal report is the first determining factor in the fee calculation. The valuation dynamics of a standard residential unit (apartment flat) are fundamentally different from those of a commercial complex, a factory, a hotel or a vacant plot of land. Commercial real estate appraisals require far more comprehensive market analyses, income capitalisation modelling and in-depth market research, which is why the minimum fee brackets for commercial properties are set at higher levels than those for residential properties.

2. Property Size (Square Metres)

Particularly for enclosed properties such as residences, shops, offices, factories and warehouses, the minimum fee tier changes as the gross floor area (in square metres) increases. Similarly, for vacant land such as plots and agricultural fields, the size of the parcel determines the applicable fee bracket. Larger properties naturally require more extensive on-site inspection time, more complex comparable analysis and more detailed reporting, all of which are reflected in the fee structure.

3. Scope and Depth of Analysis

The appraisal of a single independent unit requires a very different level of effort compared to a multi-block residential estate, a construction project in progress or a mixed-use facility. For complex projects requiring specialised expertise, the minimum fee calculation may be based on the number of person-days required or proportional to the total investment value of the project. Projects involving multiple land parcels, phased developments or properties with unusual legal circumstances will typically command fees at the higher end of the scale.

What is Not Included in the Fee Schedule?

The minimum fees published by the CMB cover only the cost of the appraisal service itself. In accordance with applicable regulations, the following items are not included in the minimum fee and are charged separately:

• VAT (Value Added Tax): VAT is added to all fees listed in the schedule at the rate specified by current tax legislation. Clients should factor this into their overall budget when commissioning an appraisal report.
• Travel and Accommodation Expenses: If the property is located outside the city or in a remote area far from urban centres, transportation costs and, where necessary, accommodation expenses are added to the invoice. These costs are calculated based on actual expenses incurred by the appraisal team.
• Official Fees and Charges: Official stamp duties and revolving fund charges payable to the General Directorate of Land Registry and Cadastre or to municipalities when obtaining official documents are independent of the appraisal fee. These government-mandated charges must be paid regardless of which appraisal firm is engaged.

Transparent and Reliable Pricing: Prime Degerleme

The accuracy of the decisions you make in the real estate sector is directly proportional to the quality of the report you receive. At Prime Degerleme, we operate in full compliance with CMB regulations and the 2025 Real Estate Appraisal Minimum Fee Schedule. With our offices in Istanbul, Ankara, Izmir, Trabzon, Malatya, Gaziantep and Adana, we deliver independent and ethical appraisal services that meet international standards at every point across Turkey. We combine our transparent pricing policy with rigorous professional methodology, ensuring that our clients receive reports of the highest quality without any hidden costs or unexpected charges.