What additional costs will I pay while buying property in Turkey?

The additional costs while buying property in Turkey are; title deed conveyance taxes, the real estate appraisal report fee, title deed office circulating capital, the notary and translation fees, the real estate agent fee, the DASK insurance fee, and utility subscription fees.

How much is the title deed conveyance fee in Turkey?

In Turkey, the title deed conveyance fee is determined as 4% of the sales price. During the title deed transfer, other fees cost approximately 3500 TL.

How much will I pay for the property appraisal report? Is it mandatory?

For every foreign property sale, a property appraisal report is required. The appraisal report costs approximately 15000 TL.

Are there any costs will I pay after the title deed transfer?

After getting the title deed, the new owner of the property must get a DASK insurance policy. Also, there will be fees for electricity and water subscriptions. This will cost approximately 6000 TL. If the property is situated in a complex, then there will be monthly maintenance fees ('aidat') in Turkish.

Is the monthly maintenance fee high in Turkey?

The amount of maintenance fee varies depending on the complex services, facilities, and amenities. This fee may depend on the property type also.

How much is the yearly property tax in Turkey?

Annual property tax in Turkey is 0.01% of the sales price for rural areas and 0.02% in metropolitan areas.

How much I will pay for the real estate agent fee in Turkey?

The law real estate agent fee can not be more than 2% of the property’s sales price and VAT. This real estate agent fee is paid by the buyers. But, if you decide to buy a property with Antalya Homes, you won’t pay for the new-build properties. Most new-build properties in our portfolio are from construction companies. They pay the real estate agent fee to sell faster. For resale properties, we charge %2.

Expenses When Buying Property in Turkey

The additional cost of buying a property in Turkey is lower than the worldwide average. The purchase expenses directly depend on the property price. You may shortly calculate the costs are about 4,5% of the declared price.

It is good to know the difference between the DECLARED price and the SALES price. This is very common in Turkey that; the property sellers declare the official value of the sales much lower than the real sales price. This way, the seller and buyer pay lower costs and have a mutual benefit. %90 of the sales declare around the half price of the actual property sales price. The taxes are calculated on the declaration value of the property. Hopefully, this issue will be resolved by the government in the future.

Below you can find the average property purchase costs in Turkey.

* NOTE: This web page is updated annually. The last updated version was created on June 28, 2024.

The Cost of Buying a Home in Turkey

Appraisal Fee

Foreign property buyers in Turkey may obtain a real estate appraisal report (valuation report) from a certified appraiser. An appraisal report is mandatory only if the property will be used for a Turkish citizenship application. The real estate valuation cost depends on the property type and location. Price ranges excluding VAT are as follows:

• TL 5.500 - TL 11.729 for residential properties of 1 - 5.000 sqm
• TL 5.983 - TL 19.495 for commercial properties of 1 - 10.000 sqm
• TL 5.856 - TL 6.744 for lands of 1 - 100.000 sqm
• TL 7.493 - TL 11.924 for plots of 1 - 25.000 sqm

Title Deed (Tapu) Conveyance Fees

The title deed, or the Turkish tapu, is registered by the Land Registry and Cadastre. During the title deed transfer, both the buyer and seller parties, or their power of attorney, must be present at the title deed office.

• A property purchase tax of 4% of the declared price is charged. The legal liability is 2% for the buyer and 2% for the seller.
*Generally, it is a sales condition in Turkey that the buyer pays all 4%. You might demand at the negotiation stage that you like to pay equally as the law says before the sales agreement signature.
• TL 6.500 power of attorney fee at the notary (if either of the parties gets legal representation)
• TL 1.500 sworn translation fee if either party is not speaking Turkish.
• TL 1.000 passport translation fee per buyer.
• TL 5.000 - TL 6.000 of circulating capital fee and cadastre fee (Döner Sermaye Harcı + Tapu Kadastro Harcı) is claimed at the deed office

Real Estate Agent Fee

According to the regulations in Turkey, the real estate agency fee is 3-6% of the sales price + VAT. However, sellers often undertake some or all of this fee. Therefore, you may pay less or no commission fee while buying property with us.

Property Tax (Emlak Vergisi)

Property tax is paid every year in Turkey, usually in two installments. The annual property tax is calculated according to the declared value of the property. The property tax in Turkey is the same for foreigners as for Turkish citizens.

• Residential properties: 0.2% in metropolitan areas and 0.1% in non-metropolitan areas
• Commercial properties: 0.4% in metropolitan areas and 0.2% in non-metropolitan areas
• Plots: 0.6% in metropolitan areas and 0.3% in non-metropolitan areas
• Lands: 0.2% in metropolitan areas and 0.1% in non-metropolitan areas

DASK (Natural Disaster Insurance)

All property owners in Turkey must obtain natural disaster insurance (DASK) that covers cases such as fire or earthquake. DASK must be renewed every year. Its cost is calculated according to the square footage of the property.

The DASK insurance costs TL 295 - TL 1.145, determined by the property’s square meter.

Getting Electricity and Water Connections

The cost of setting up utilities in Turkey depends on the property’s location and history of ownership.

Owners of a new property pay both the subscription fee and deposit. Buyers of a previously owned property only pay the deposit. Also, deposit fees are refunded after the subscription is canceled/transferred.

Starting an electricity and water subscription costs around TL 6.000 - TL 7.000. Taking over previous subscriptions costs around TL 3.000.

Telephone and Internet

All citizens and foreigners with residence permits can obtain telephone and internet connections. The average monthly cost is TL 250 - TL 550, depending on the operator. An additional setup fee may apply.

Maintenance Fee (Aidat in Turkish)

The maintenance fee is paid for the communal amenities and facilities in a residential complex. The fixed cost includes the sauna, swimming pool, and lift, as well as cleaning and security services. The maintenance fee amount is determined by the site management. Read a detailed article about the maintenance fee in Turkey.

Lawyer Expenses

Hiring a lawyer is not an obligation when buying a property in Turkey. However, a lawyer who speaks your language may be helpful for guidance and documentation. Lawyers generally demand 1% of the sales price for the agreement. At Antalya Homes ®, our experienced in-house lawyers provide free-of-charge legal services. These include a power of attorney assistance.

As Antalya Homes ®, we guide you at every step of your property-buying journey. Our experts will break down the cost of buying the specific house of your choice.

If you have other questions, you can check our WikiProperty page for frequently asked questions about buying and selling a home in Turkey.

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