of buying a property in Turkey
Buying a Property in Turkey In general, the cost of purchasing a home in Turkey
is quite varied.
when buying a home include:
transfer tax in Turkey
the Cost of Land Registration?
registration fee or land registration fee is a cost that is reported as 4% of
the sale price and is calculated for all real estate sold (housing, work, land,
farm, land, etc.).
pay the land registration fee, and how will it be calculated?
buyer and seller fail to agree on how to pay the tax under the Transfer
Document Taxation Act, the tax payment shall be as follows:
bears this amount, and the other 2% must be paid by the seller and deposited in
a state bank.
be noted that the transfer of the document takes place in Notre Dame and is
required by the buyer, seller, or person having a power of attorney.
example, if the real estate purchase price is stated at 200,000 liras, both the
buyer and the seller will pay 4,000 liras (2 x 200,000) as the transaction cost
of the document.
tax is a type of charge that must be paid for the property that belongs to it.
buy a home, you must pay your taxes one year after your purchase date.
property tax in Turkey
on the type of asset, the tax payment is as follows:
pay taxes in two installments by the end of May and November,
vary depending on where you live in or outside the metropolis,
rate may increase each year based on the revaluation rate.
metropolis outside the metropolitan real estate type
0.2% 0.1% Residential Property
0.4% 0.2% Commercial Property
Construction Licensed Lands
addition, the Land Registry and the Cadastre only receive a one-time
value-added tax of approximately 353 Liras per turkey.
will only pay this fee.
selling real estate to foreigners, it is mandatory to submit an appraisal
report indicating the value of the property before moving the document.
of an SPK evaluation report is between 1,000 Liras and 1,500 Liras.
will pay the cost directly to the real estate appraisal department of the Land
Registry and Cadastre.
take 2 to 3 days to complete the evaluation report.
insurance (DASK) is mandatory in Turkey and is calculated on a square meter.
of fire, explosion, tsunami, or landslides are covered by compulsory earthquake
insurance during and after the earthquake.
varies depending on the size of the property.
estate insurance protects the property against many dangers such as fire,
theft, and some weather damage.
includes specialized forms of insurance such as fire insurance, flood
insurance, earthquake insurance, home insurance, or boiler insurance. Property
insurance makes it possible for the property owner to recover damages for such
type of cost that can be mentioned is subscriptions.
in water, electricity, heating, natural gas, telephone, and internet.
have a residence permit, you can have a telephone and an internet connection.
Quit Telecom, Vodafone, and Turk Cell are active all over the country and have
the majority of the market.
buys an apartment in a public building has to pay a monthly maintenance fee
(Aidat), which is spent on public amenities like electricity, swimming pool,
garden maintenance, or maintenance.
If you buy
a home from a real estate asset, you will also pay a specific commission at the
end of the transaction.
this cost is 3% of the house sale price.
Buying a Home Another critical type of tax in 2019 is the ecological cleanup
of this tax is calculated according to the square meter of the house purchased
and the number of people living there.
and proud, Aila group.