Costs of buying a property in Turkey
One of the most important questions when purchasing any property in Turkey is the costs of buying a property in Turkey, i.e. the value of taxes, fees, and expenses incurred by you when purchasing this property, and what are the post-purchase expenses? And does the price of the property announced on the official pages of the marketing companies include these fees and expenses? Therefore, the costs of buying a property in Turkey should be clear to you before the purchase process.
We offer you a list of these expenses and fees that you must pay during the process of buying a property and transferring ownership to your name:
The day of assignment of the title deed from the seller to the buyer hours before the appointment
(According to buyer custom is the one who bears the expenses of this tax).
(Depending on the number of pages of the passport).
After the purchase, you will have to pay annually:
Earthquake insurance for the apartment varies according to the area of the apartment, and the number of floors “starts from 150 Turkish liras”.
Example: If the price of the property registered in the title deed (Tabu) is 100,000 TL
The annual tax is approximately 100 TL.
These expenses are called revenue Aidat, and their value ranges between 50 TL per month and can reach more than 1,000 TL per month in high-end complexes.
Usually, if the construction is normal without complex services, the value of the proceeds ranges between 15-50 TL.
In the case of medium housing complexes, it ranges between 100-250 TL.
Ultra-luxury complexes exceed the value of 250 TL
And its prices in Turkey are average, very close to neighboring countries, and they are paid only in case of consumption. And while you're gone and there’s no consumption, there will be no required monthly expense to pay.
An overview of electricity and water bills:
Electricity bills for an apartment consisting of two bedrooms and a hall (four people) usually range between 100-150 Turkish liras per month in the case of normal use.
Water bills for an apartment consisting of two bedrooms and a hall (four people) usually range between 20-50 Turkish lira per month in the case of normal use.
The costs of buying a property in Turkey can change in the future, especially as it is an official fee issued by the Turkish government, except for the fees of the transaction observer and the sworn translator.
There are some of our properties for which the advertised price will include all fees and taxes, which means the declared purchase price is the only amount that you have to pay when purchasing the property, as a special offer from our company.