Payment System for Housing and Land Sales Changes

The Ministry of Trade is preparing to transition the "Secure Payment System" model, which has been successfully implemented in the second-hand vehicle market, to the real estate sector. With the new regulation planned to come into force as of May 1, 2026, cash flow in real estate sales will be fully recorded.

Why Was It Needed?

In the current system, direct money transfers between the buyer and seller open the door to many grievances such as the informal economy, fraud risks, and forgery. Additionally, the physical transportation of large amounts of cash exposes the parties to security risks such as theft and robbery. How Will the System Work? Along with the amendment to the Regulation on Real Estate Trade: All payments made by cash, wire transfer, or EFT will pass through this system. Simultaneous Transfer: The transfer of the title deed and the payment of the sale price will take place simultaneously under the guarantee of the system. The regulation, which is currently in the draft stage, will take its final form after the opinions of sector stakeholders are received.