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Expenses of Property Purchase in Turkey

Conveyance:
In contrast to most European countries, the entry in the property register in Turkey is not performed by a Public Notary but by an official of the Property Registry Department. It is a legal requirement for both sides (the seller and the buyer) to be present at the entry. It is possible to authorise another person by giving a Power of Attorney at Notary Public. The delivery of the Title Deed of transfer does not require the intervention of a Notary Public in Turkey. After the entry and delivery the property register issues a proof of ownership, which is called the ‘Tapu’.

Giving Power of Attorney at Notary Public:
Appr. 140 Euro

Conveyance tax:
4% of the property value stated in the Tapu Office. This is paid at one of the State Banks at the time of conveyance (the amount stated in the Tapu Office is lower than the real property value and approximately between 500-1.500 Euros).

Registration Fee at the Property Registry Department (Tapu Office):
Appr. 65 Euro.

Private Completion Report:
Obtaining “Private Completion Report” (Ferdi Iskan). Starting from 350 Euros depending on the size and the location.

Real Estate Agent Fee
Registered and licenced real estate agents are entitled to receive 3% + VAT service fee over the actual sales price of the property from each party.

Lawyer Service Fee
If required, Lawyer/solicitor service fee is 1% of the purchase price of the property minumum amount of 1.200 € + 18% VAT. Please ask for purchasing process details for your case and the legal entities.

Annuall expenses

Property tax (Emlak Vergisi):
0.1% of the property value declared by the local municipality (to be paid before the end of May each year).

Insurance
Varies between 85 Euros to 200 Euros (depends on m2) Please check property insurance page.

Property Management
Antalya Homes offers property management package in Antalya and Belek for 300 Euros if required.

Electricity

New connection of electricity meter:
Appr. 120 Euro (once only)

Name transfer of an existing connection:
Appr. 30 Euro (once only)

Energy cost per kwh:
Appr. 0.10 Euro

Water

New connection of water meter:
Appr. 170 Euro

Name transfer of an existing connection:
Appr. 30 Euro

Water cost per m3:
Approx. 0.75 Euro

Land Line Telephone

Telephone connection:
Approx. 4 Euro

Cost per unit:
Approx. 0.036 Euro

Monthly rental:
Approx. 3.66 Euro

Unit period (province):
60 Seconds

P.S.: You can only get a land line telephone registered if you have residence permit in Turkey.

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