The low cost of acquiring and maintaining apartments in Turkey is a significant advantage for buyers and property owners in this country. If the buyer wishes, after the ution of the contract for the purchase of real estate, a power of attorney with the services of a licensed translator is also issued - approximately 100 euros.

Expenses include:

- tax upon registration of property rights - 4% of the cadastral value of real estate,

- registration fee at the Cadastral Office - approximately 40 euros,

- services of a sworn translator in of transfer of ownership - 40 euros,

- DASK (Doğal Afet Sigortaları Kurumu) - compulsory earthquake insurance policy - 15 euros,

- Iskan (Iskan) - only buying apartments in a new building - permission to use a separate unit of real estate - from 350 euros,

- connection of electricity and water - about 150 euros for new buildings, about 70 euros registering for a new owner,

- an act of expert valuation of real estate - since March 2019, an act of expert valuation of real estate has become a mandatory document applying for re-registration of property rights. It takes 2 - 3 working days, the cost is about 200 euros,

- Emlak vergisi (Annual property tax) its amount depends on the cadastral value of the property, 50-100 euros per year, paid only at the box office of the district municipality after the transfer of ownership.

Changes may occur in the rules and cost of registration of real estate. The above data is current as of August 2022. You can always contact our specialists for up-to-date information.