What Is the Expenses of Buying a Property in Turkey?
Unlike other countries, expenses when buying a property in Turkey are low, and foreigners will be pleasantly surprised at how much money they can keep in their pocket.
Necessary Documents
• Title Deed,
• Passport Translation,
• Evaluation Report,
• If there is a representation in the transaction, a certificate of representation (Authorization Certificate, guardian decision, power of attorney, etc.)
• Compulsory Earthquake Insurance policy (DASK) (Building qualified properties)
• Sworn translator if not speaking fluent Turkish.
Translation Of Passport: 300 TL
Getting Tax Number: 100 TL
Sworn Translator: 400 TL – 1.000 TL
Title Deed Transfer Fee: 4% Of The Purchase Price (No Need If Urban Renovation Area)
Revolving Fund Fee: 200 – 300 TL
Notary Fees With the Decree Law on Sale of Models, which entered into force in May 2015, the project sales were obliged to be notarized.
of the sales promise contracts vary depending on the sales price, the number of pages-signature-language in the contract, but can be evaluated as %2 of the approximate sales price.
With the amendment made in the Regulation on the Trade of Immovable Property in June 2018, %2 + VAT buyers and %2 + VAT sellers were regulated to purchase and sale commissions in the real estate sector.
Necessary Documents
• Title Deed,
• Passport Translation,
• Evaluation Report,
• If there is a representation in the transaction, a certificate of representation (Authorization Certificate, guardian decision, power of attorney, etc.)
• Compulsory Earthquake Insurance policy (DASK) (Building qualified properties)
• Sworn translator if not speaking fluent Turkish.
WHAT IS THE EXPENSES OF BUYING PROPERTY IN TURKEY?
Documantary Expenses
Translation Of Passport: 300 TL
Getting Tax Number: 100 TL
Sworn Translator: 400 TL – 1.000 TL
Title Deed Transfer Fee: 4% Of The Purchase Price (No Need If Urban Renovation Area)
Revolving Fund Fee: 200 – 300 TL
Notary Fees With the Decree Law on Sale of Models, which entered into force in May 2015, the project sales were obliged to be notarized.
Notary fees
of the sales promise contracts vary depending on the sales price, the number of pages-signature-language in the contract, but can be evaluated as %2 of the approximate sales price.
Real Estate Consultancy Fee
With the amendment made in the Regulation on the Trade of Immovable Property in June 2018, %2 + VAT buyers and %2 + VAT sellers were regulated to purchase and sale commissions in the real estate sector.