Turkey Delays Mandatory Secure Payment System for Real Estate to December 1
The Trade Ministry postponed the launch to allow banks to complete technical integration with the land registry.
KEY POINTS
- Mandatory Secure Payment System for property sales delayed to 1 December 2026
- Regulation requires simultaneous title transfer and payment via approved platform
- TKGM technical infrastructure ready; bank integration still in progress
- Intermediary integrator authorised to accelerate data sharing
- Pilot testing phase planned before nationwide mandatory rollout
Turkey's Trade Ministry has moved the mandatory start date for the Secure Payment System in real estate transactions from an earlier target to 1 December 2026. The regulation, first amended on 29 April 2026, requires all cash, wire, or EFT payments for property sales to flow through a system that transfers title and funds simultaneously.
The ministry said the delay ensures the technical infrastructure operates without disruption and gives banks time to finalise integration with the General Directorate of Land Registry and Cadastre (TKGM). TKGM has completed its software preparations, while banks are still connecting their systems.
“The system aims to protect buyers and sellers from fraud and forgery, reduce unrecorded money flows, and guarantee that title deed transfer and payment occur at the same moment.”
A legal amendment has also authorised the appointment of an intermediary integrator to streamline data exchange between TKGM and financial institutions. Before the December deadline, the ministry plans to launch a pilot phase to test the system under real conditions.
The system aims to protect buyers and sellers from fraud and forgery, reduce unrecorded money flows, and guarantee that title deed transfer and payment occur at the same moment.
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