Expenditures for buying real estate in Turkey and maintenance of the property

One of the greatest advantages of owning Turkish real estate is little expenditures for the registration and inexpensive subsequent maintenance.


 Upon signing the contract for real estate buying, all conditions on expenditures for repeated registration are set out, in most cases the purchaser takes on these expenditures.

 

They include:

 

  • if necessary for the purchaser - drawing up the power of attorney - approximately 100 Euro (including translator's services).

  • tax at registration of ownership rights - 4% of the cadastre value, in most cases the cadastre value is lower than the market value.

  • registration fee at the Cadastre Directorate - approximately 40 Euro

  • services of the court translator at transfering of the ownership rights - 40 Euro

  • obligatory insurance against earthquake - dask - 15 Euro

  • Iskan - permission for the use of a specific real estate item - for flats (only for new buildings) - from 350 Euro

  • Connection of electricity and water supply - approximately 150 Euro for new buildings, approximately 70 Euro when changing the name of the user.

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