COSTS

Here is a survey of possible costs, if you buy a real estate in Turkey.
It is our goal to keep your costs as low as possible for our clients.

1. Property purchase tax.
It is charged once when registering the title deed and is 4% of the cadastral value stated in the Tapu (title deed).

The cadastral value is often lower than the market value.

2. Bank statement on currency exchange,
Döviz Alım Belgesi. It is necessary to confirm the buyer's solvency. Read more about the statement here: https://ivm-turkey.com/index.php?id=3273&dil=1 

3. Government fees, insurance fees, expenses charged by the city and cadastral offices.

4. Services of a sworn translator at the cadastral office 100 EUR.

5. If necessary, notary fees for issuing a power of attorney for the execution of documents, approx. 250 EUR.
6. Earthquake insurance for the purchased property 5-15 EUR.
7. Registration of ISKAN / technical passport for the purchased property (if not available) 400 - 500 EUR.
8. Company services for registration of ISKAN 50 EUR.
9. Connecting an electricity meter:
new meter
about 50 EUR
re-registration to another name
30 - 40 EUR
10. Connecting a water meter:
new meter
50 EUR - 210 EUR
re-registration to another name
20 - 170 EUR

Further current expenses.

Electricity consumption.
Depending on the volume of consumption
up to 240 kW / 1 kW / 2.07 - 0.05 EUR
more than 240 kW / 1 kW / 2.65 - 0.07 EUR

Water consumption.
Consumption up to 5 m3 10 TL/m3 / 0.26 EUR
Consumption from 5 to 20 m3 20.47 TL/m3 / 0.60 EUR
Consumption from 21 to 40 m3 50.34 TL/m3 / 1.32 EUR
Consumption over 40 m3 71.93 TL/m3 / 1.90 EUR

Annual property tax.
residential property 0.2% - 0.4% of the assessed value indicated in the tapu.
commercial property 0.4% of the assessed value indicated in the tapu.
land plots for development 0.6% of the assessed value indicated in the tapu.
land plots without planning permission (agricultural land) 0.2% of the assessed value indicated in the tapu.