There will be some other additional costs of purchasing a property in Turkey. To enlighten you we have prepared a list of all the costs to consider before you purchase. Below is an example of the additional costs that you can expect to incur when buying a property in Turkey.
All illustrations of cost are based on a purchase price of £30.000.
Example of additional purchase expenses
(All illustrations of cost are based on a purchase price of £30.000)
National sales tax
Approximately 3,3% based on the sale price
£990
Land Registry Transaction Tax
-
£60
Army Application Fee
-
£350
DASK Insurance(Compulsory Earthquake Insurance)
The price will vary depending on the size of your property.
Size 60 m2 ->82 TL
Size 90 m2 -> 118.90 TL
Notary Fees
For obtaining Power of Attorney and Legal Translator
£150
Legal fees
Making searches,preparing the title deed, registering the property sale and solicitors costs
£350
Connection charges
First subscribtion to water and electricity,telephone for new homes.
£490
Estate Agent's commission
3% of the total sale price
£900
Total Additional Costs* Euro based on an exchange rate of €1.10 to £1.
Exchange rates are subject to fluctuation
£3.330 or €3820
These payments are one off payments and official receipts and invoices will be presented to all our clients.
