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Expenses of Property Purchase in Turkey

Title Deed

he Land Registry and Cadastre Directorate (Tapu ve Kadastro Genel Müdürlüğü) charges 4% of the property value at the time of signing for your title deed. In Turkey, declared property values adhere to local council price brackets and these are often less than the sales price. The Land Registry and Cadastre Directorate also charges one-time processing fees - Döner Sermaye Harcı of 675-1800 TL and Tapu Kadastro Harcı of 1650 TL.

Agent Fee

According to the regulation, the real estate agent fee is 2% + VAT of the sales price and this rate is charged to the buyer. Since some sellers assume the finder's fee to make their portfolios more attractive, the buyer commission does not appear in many of our properties.

When you check out properties for sale on our website, some properties show Estate Agency Fee is included, and some properties show a 2% Estate Agency Fee is demanded. It totally depends on the property seller's choice.

Translator and POA Fees

At the time of signing for your title deeds, you will need a certified and sworn translator. Translator and Power of Attorney fees vary depending on the language and length of the content. The sworn translator fee is an average of between 150 TL to 290 TL (Passport translation at Notary (750 TL for each person)), Power of Attorney fee is between 550 TL to 1.000 TL.

Electricity, Water and Telephone Connections

Electricity abonnement fees;

When you get a first-time electricity subscription, you pay the connection fee, deposit amount, stamp tax, and file fee. The cutting and connecting fees are 60 TL per transaction. The one-time connection fee varies between 40 TL and 60 TL. The deposit amount to be paid in each abonnement is 350 TL. Stamp tax is 9.48 per thousand of the deposit amount. The filing fee is determined according to the deposit amount.

The transfer fee is as much as the deposit amount and additional DASK amount if DASK's time has expired.

* The above fees are calculated according to the link power of 6 kW.

Water subscription fees;

The total water subscription registry fee is approximately 1800 TL. 

The transfer fee is as much as the deposit amount and additional DASK amount if DASK's time has expired.

Property Insurance (DASK)

By law, every home must have "DEPREM SİGORTASI" which is earthquake insurance. The amount of property insurance depends on the size of your property. An annual policy for a two-bedroom house measuring 75 square meters is roughly 200- to 400 TL depending on the insurance company used. Added but not legal insurance costs include fire, theft, damage, and contents.

Every Year Property Tax

Every home must pay a yearly property tax which is 0,2% in municipalities and 0,1% in non-metropolitan areas. Commercial properties pay 0,4% in urban districts and 0,2% in non-metropolitan areas. When signing for the title deeds, the seller must ensure there are no property tax debts.

This article details purchase expenses when buying a real estate in Turkey, but our article about the cost-of-living lets you know how much to budget for monthly groceries and running costs. We are also available via email, phone, or by dropping into one of our offices if you want to speak to a local sales rep about investing in the Turkish real estate market.

Lawyer Fee, Proper Home

PROPER HOME  has professional sales contracts approved by our company lawyer. We are experts in title deed transfers with zero failure in real estate sales to foreigners. Our customers who prefer PROPER Home do not need a lawyer.

However, since the citizenship process is more intricate, we recommend that you complete your process with a lawyer. We provide a list of several independent English and Russian  speaking lawyers for you to choose from.