When purchasing a property in Turkey there are of course a number of fees involved, below is a summary of the costs incurred.
Initial Outlay
- Translation of Passport at the Cartography Office: £40 Per passport
- Notary Costs: £65
- Ministry of Defence Administration Fee: £125 Per Person
- Government Mapping Fee: £450
Final Stage Costs
- Purchase Tax: 3% of purchase price
- Deeds copied to new owners name: £20
- Land registry administration fee: £10
- EKP (Education aid fund): £20
- DASK (Compulsory Government Insurance): £45
- Utilities (Changing utilities in to your name): £45
- New Government Tax; Between £10 - £200 Depends on location & size of property
- Estate Agent Fee: Normally 3% of the purchase price - when buying direct from the builder through us - No fee is payable
Additional costs to consider
- Private Insurance (Buildings & Contents) Approx. £150
- Annual Maintenance charge as set by the builder
Approximate annual ongoing payments
- Council Rates: £20
- Council Tax: £15
- Refuse Tax: £35
- Property Tax: £12 - £100 Dependent upon property type, area & size of property
- Earthquake Tax: £10
- DASK ( Compulsory Government Building insurance): £ 45
- Electricity/Gas & Water - Dependent on personal consumption
*All the above costs are for guidance purposes only and are subject to change as set by the government
Some of our builders offer incentives towards the purchase costs. A free quotation on the property of your choice can be provided at your request.
Mortgages
Mortgages are now available in Turkey , we have a UK contact who can provide you with a free quotation at your request. For more information please contact us |