How many expenses are hidden behind Turkish property?
June 08, 2020
If you are buying a property in Turkey, additional expenses are generally less than in Europe. They rarely exceed 5-7% of the market value. But how much exactly will you pay? We made the research for you.
Registration tax
The buyer pays a property registration tax, which is 4% of the cadastral value. And usually it is lower than the market value.
State fees for TAPU registration
When you issue a certificate of ownership, you pay a cadastral fee. You also have to pay for the services of a state interpreter, whose presence is mandatory in transactions with foreigners. In total, these costs take about €300.
Notarized power of attorney
For a remote registration of the deal you need a power of attorney for your representative in Turkey. It’s registration costs €100-150.
The agency fee isn’t fixed by law in Turkey. In fact, buyers usually pay about 3% of the property price. It includes such service as selection, showing the property, negotiations, and preparation of documents for the final deal.
Discuss the amount of the commission with your agent in advance. You can ask for a discount, if you only need help at certain stages.
Usually, developer pays commission to a real estate agent on the primary marker. That means that their services are free for the buyer.
Getting Iskan (only for new buildings)
Registration of an individual technical passport for real estate (Ferdi Iskan) costs €300-1000 depending on the specifications of a property.
Real estate in Turkey
69 500 €
Apartment in Turkey
88 m²322
Online ViewingRemote Transaction
Investment-Friendly Flats for Sale in Mezitli Mersin Close to the Beach and Highway
Mersin is known as a highly developed city in terms of transportation. It has a convenient transportation network with its extensive ring roads, highway, railway, and sea transportation connections. Direct sea transportation to North Cyprus is also available from...
TEKCE
690 000 €
Penthouse in Alanya, Turkey
190 m²433
Online ViewingRemote Transaction
Panoramic Sea View Apartments with Villa Concept for Sale in Alanya Bektaş
The apartments in Alanya for sale are located in Bektaş, one of the most peaceful areas of Alanya. Bektaş is an area close to the center at the foothills of the Taurus Mountains, where there are mostly villa projects. The villa concept apartments are a few minutes' drive...
TEKCE
107 000 €
Apartment in Antalya, Turkey
65 m²211
Online ViewingRemote Transaction
Apartments in Antalya within Walking Distance of the Sea
The Bahçelievler neighborhood is located in the Muratpaşa district of Antalya. It stands out for its proximity to the city center, easy accessibility, and vibrant social environment. The area is one of the most highly preferred regions in Antalya for living. It offers convenient access to...
TEKCE
231 000 €
Penthouse in Antalya, Turkey
120 m²322
Online ViewingRemote Transaction
Apartments in Antalya within Walking Distance of the Sea
The Bahçelievler neighborhood is located in the Muratpaşa district of Antalya. It stands out for its proximity to the city center, easy accessibility, and vibrant social environment. The area is one of the most highly preferred regions in Antalya for living. It offers convenient access to...
TEKCE
201 000 €
Apartment in Antalya, Turkey
100 m²322
Online ViewingRemote Transaction
Apartments in a Complex within Walking Distance of the Tram in Antalya Kepez
The apartments are located in the Varsak Karşıyaka neighborhood of Antalya's Kepez district, an area that continues to develop and grow in value. Kepez is one of the city's key central districts, where recent investment in housing, transportation, and infrastructure has...
TEKCE
334 000 €
Apartment in Antalya, Turkey
130 m²432
Online ViewingRemote Transaction
Apartments in a Complex within Walking Distance of the Tram in Antalya Kepez
The apartments are located in the Varsak Karşıyaka neighborhood of Antalya's Kepez district, an area that continues to develop and grow in value. Kepez is one of the city's key central districts, where recent investment in housing, transportation, and infrastructure has...
TEKCE
69 500 €
Apartment in Turkey
87 m²322
Online ViewingRemote Transaction
Affordable New Apartments in a Complex Near the Beach in Mersin Tece
Mersin, one of the developing cities in the Mediterranean, offers significant advantages for urban and intercity travel thanks to its extensive transportation infrastructure. With its ring roads, motorway connections, railway lines, and sea transport, the city provides easy...
TEKCE
163 000 €
Apartment in Antalya, Turkey
90 m²321
Online ViewingRemote Transaction
Apartments in Antalya within Walking Distance of the Sea
The Bahçelievler neighborhood is located in the Muratpaşa district of Antalya. It stands out for its proximity to the city center, easy accessibility, and vibrant social environment. The area is one of the most highly preferred regions in Antalya for living. It offers convenient access to...
TEKCE
850 000 €
Penthouse in Alanya, Turkey
133 m²433
Online ViewingRemote Transaction
Apartments for Sale in Alanya with City and Sea Views
The Kale region stands out with its preserved architecture from ancient times to the present day in Alanya. From almost every point in the area, a unique view stretching from one end of Alanya to the other can be enjoyed.
The apartments for sale in Alanya Turkey are 300 m from the sea, 600 m...
TEKCE
48 000 €
Apartment in Turkey
68 m²211
Online ViewingRemote Transaction
Investment-Friendly Flats for Sale in Mezitli Mersin Close to the Beach and Highway
Mersin is known as a highly developed city in terms of transportation. It has a convenient transportation network with its extensive ring roads, highway, railway, and sea transportation connections. Direct sea transportation to North Cyprus is also available from...
TEKCE
201 000 €
Apartment in Antalya, Turkey
100 m²322
Online ViewingRemote Transaction
Apartments in a Complex within Walking Distance of the Tram in Antalya Kepez
The apartments are located in the Varsak Karşıyaka neighborhood of Antalya's Kepez district, an area that continues to develop and grow in value. Kepez is one of the city's key central districts, where recent investment in housing, transportation, and infrastructure has...
TEKCE
334 000 €
Apartment in Antalya, Turkey
130 m²432
Online ViewingRemote Transaction
Apartments in a Complex within Walking Distance of the Tram in Antalya Kepez
The apartments are located in the Varsak Karşıyaka neighborhood of Antalya's Kepez district, an area that continues to develop and grow in value. Kepez is one of the city's key central districts, where recent investment in housing, transportation, and infrastructure has...
TEKCE
850 000 €
Penthouse in Alanya, Turkey
139 m²322
Online ViewingRemote Transaction
Apartments for Sale in Alanya with City and Sea Views
The Kale region stands out with its preserved architecture from ancient times to the present day in Alanya. From almost every point in the area, a unique view stretching from one end of Alanya to the other can be enjoyed.
The apartments for sale in Alanya Turkey are 300 m from the sea, 600 m...
TEKCE
690 000 €
Apartment in Alanya, Turkey
181 m²543
Online ViewingRemote Transaction
Panoramic Sea View Apartments with Villa Concept for Sale in Alanya Bektaş
The apartments in Alanya for sale are located in Bektaş, one of the most peaceful areas of Alanya. Bektaş is an area close to the center at the foothills of the Taurus Mountains, where there are mostly villa projects. The villa concept apartments are a few minutes' drive...
TEKCE
110 000 €
Apartment in Antalya, Turkey
55 m²211
Online ViewingRemote Transaction
1-Bedroom Apartments with Underfloor-Heating and Communal Pool in Antalya Döşemealtı
The Döşemealtı district is one of Antalya's emerging neighborhoods, distinguished by its modern residential developments and tranquil way of life. Clean air, low-rise architecture, and generously sized living spaces make it a genuinely comfortable place to call...
TEKCE
110 000 €
Apartment in Antalya, Turkey
55 m²211
Online ViewingRemote Transaction
1-Bedroom Apartments with Underfloor-Heating and Communal Pool in Antalya Döşemealtı
The Döşemealtı district is one of Antalya's emerging neighborhoods, distinguished by its modern residential developments and tranquil way of life. Clean air, low-rise architecture, and generously sized living spaces make it a genuinely comfortable place to call...
TEKCE
125 000 €
Apartment in Antalya, Turkey
57 m²211
Online ViewingRemote Transaction
Centrally Located Apartments with Indoor Parking in Antalya Muratpaşa
Antalya Muratpaşa's Işıklar area is one of the city's central locations, standing out for its proximity to historical, cultural, and social attractions. Alongside social amenities such as cafés, restaurants, and shops, daily necessities like ATMs, pharmacies, and markets are...
TEKCE
515 000 €
Apartment in Ankara, Turkey
220 m²544
Online ViewingRemote Transaction
Apartments with Smart Home Technology in a Secure Complex in Ankara Turkey
Ankara is not only the capital of Türkiye but also one of the country's most important cities, thanks to its well-developed transportation network, prestigious educational institutions, advanced healthcare facilities, business centers, and vibrant social life. Thanks to...
TEKCE
125 000 €
Apartment in Antalya, Turkey
51 m²211
Online ViewingRemote Transaction
Centrally Located Apartments with Indoor Parking in Antalya Muratpaşa
Antalya Muratpaşa's Işıklar area is one of the city's central locations, standing out for its proximity to historical, cultural, and social attractions. Alongside social amenities such as cafés, restaurants, and shops, daily necessities like ATMs, pharmacies, and markets are...
TEKCE
515 000 €
Apartment in Ankara, Turkey
190 m²433
Online ViewingRemote Transaction
Apartments with Smart Home Technology in a Secure Complex in Ankara Turkey
Ankara is not only the capital of Türkiye but also one of the country's most important cities, thanks to its well-developed transportation network, prestigious educational institutions, advanced healthcare facilities, business centers, and vibrant social life. Thanks to...
All property owners in Turkey must take out natural disaster insurance – DASK. It is impossible to conclude contracts with utility providers without it. The cost is €15-150 depending on the specifications of a property and the desired coverage.
Registration of utility subscriptions
Connecting utilities to a new apartment costs €200-300. Re-signing contracts with another owner costs 30-50% less.
Calculation example for an apartment in Turkey
Apartment 1+1 (living room with kitchen + bedroom), 70 sq. m. m
Built in 2015 in Alanya
1 km away from the sea.
Market price - €60 000
Cadastral value - €30 000
Property purchase tax - €900 (3% - until October 31, 2018)
State fees for TAPU registration – €250
A power of attorney - €100
Realtor's fee - €1800
Property insurance - €30
Connecting utilities - €150
Total property price with all expenses and taxes: €63 230
