Costs incurred in purchasing real estate
Appraisal Report Fee
In sales to foreigners, it is obligatory to submit an appraisal report showing the value of the real estate before the title deed transfer. The cost of the CMB approved appraisal report varies depending on the city and the properties of the property. Buyers pay this fee directly to the CMB approved specialist. It takes 2-3 days to complete the valuation report.
Title Deed Transfer Fees
The General Directorate of Land Registry and Cadastre carries out the transfer of title deeds. Unless both parties give a Power of Attorney to someone else to act on their behalf, both the buyer and the seller must be present at the relevant office.
4% of the declared value of the real estate should be paid to the land registry office as real estate tax. Buyer pays Title Deed Transfer Tax as Customs Duty. Other items that require expense during deed transfer are as follows;
• Notary Passport Translation
• Translation of address document at notary public to open a bank account
• Sworn translator
• Power of Attorney (optional)
• Obtaining a tax number
• Photos
• Cadastre Tax (Deed and Cadastre Fee)
In addition, the Directorate of Land Registry and Cadastre charges a one-time Revolving Fund transaction fee.
Property tax
Property Tax paid every year is 0.2% in metropolitan municipalities and 0.1% in non-metropolitan areas. The tax rate for commercial properties is 0.4% in urban neighborhoods and 0.2% in non-metropolitan areas.
The tax is used by the government to fund water and sewer improvements, to provide law enforcement and fire services, and other items deemed necessary.
Housing and Natural Disaster Insurance
- Natural Disaster Insurance (DASK) is compulsory in Turkey and is calculated on a square meter basis.
Risks that may occur as a result of fire, explosion, tsunami or landslide during and after an earthquake are covered by the Compulsory Earthquake Insurance. While calculating the dask insurance cost, a price is determined for the square meter of the dwelling.
DASK 2023 price; The square meter price for reinforced concrete structures is 3.016 TL, and for other building styles 2.080 TL has been published in the official gazette.
- Home insurance protects against most risks to property, such as fire, theft, and some weather damage. This includes special types of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or accident insurance. Home insurance offers financial reimbursement to the owner in such cases.
Electricity and Water Subscriptions
Electricity and water dues fees vary from district to district in Antalya.
- Electricity subscription fees;
If you buy a subscription for the first time, you have to pay between 250 TL and 850 TL in total for the subscription registration, electricity meter and additional deposit fee. The transfer fee is equal to the deposit amount and the additional TCIP amount, if the TCIP has expired.
- Water subscription fees;
If you buy a subscription for the first time, you have to pay a total of 1300-1600 TL for the registration fee and additional deposit fee. The transfer fee is equal to the deposit amount and the additional TCIP amount if the TCIP has expired.
Telephone and Internet
If you have a residence permit, you can get telephone and internet connection. Türk Telekom and TTNET hold the majority of the market, serving nationwide.
Special packages are available for new subscribers with a two-year contract. Telephone calls, broadband internet and TV satellite packages can be given as examples for 130-200 Turkish Liras per month. All companies will charge a setup fee.
Dues Fee
Anyone who buys an apartment in communal buildings will also need to pay monthly maintenance fees (Dues) for communal facilities such as building electricity, swimming pools, garden maintenance or security.
Real estate agent service fee
Another cost that may arise in the process of buying a house is the real estate agent service fee. In accordance with the Regulation on Real Estate Trade, real estate consultants can request service fees separately from both the landlord and the buyer of the house.