In simple terms, if Turkey becomes a member of SEPA, transfers between Turkish and European banks can become:
✔️ Faster
✔️ Cheaper
It's easier.
✔️ is safer
This is especially important for those who buy property, do business or invest in Turkey.
But there's an important nuance.
Turkey has not yet joined SEPA. The country has just started this process. Large-scale work ahead: harmonization of legislation with European norms, strengthening control in the field of AML, modernization of payment infrastructure and compliance with all EU requirements. It takes time.
Why Turkey wants to join SEPA?
The answer is obvious: the European Union is Turkey’s largest trading partner, and mutual trade already exceeds €200 billion a year.
For the economy, this means more efficient international settlements, and for foreign investors – even more comfortable conditions for buying real estate, transferring funds, obtaining rental income and managing their assets.
Once the process is completed, it will be another benefit for those who have already invested in Turkish property or are only considering such an opportunity.