PURCHASE COSTS

After you buy an issue in Turkey, there are some expenses that you must pay for your purchase to get the title deed. These expenses that we will help as Aydemir Group are as follows;

purchase costs

AUTHORITY OF THE LAWYER

It costs about 80-100 € (including a Sworn Translator) to issue a power of attorney at a notary.

TRANSPORT TAX

4% of the property value stated in Turkey DEED office. This is paid at one of the local banks at the time of transfer (the amount stated in the TAPU Office is less than the real estate value and the plot is around 2000-5000 € depending on the size of the apartment, villa, shop, etc.).

SETTLEMENT

Receiving Completion Report named Iskan (for newly built properties only): Starts from € 300-350 depending on size and location. All buildings and flats need ‘housing’ to apply for water and electricity subscription.

OTHER FEES

Electricity subscription, new connection of the electricity meter: approx. 60-100 € (paid once only). Name transfer of an existing connection: approx. 30 € (paid once only). Water subscription, new water meter connection: approx. 30-50 €. Name transfer of an existing connection: approx. € 30. Telephone landline phone subscriptions: If you have a residence permit in Turkey can make a record only landline phones.

ANNUAL EXPENSES OF PROPERTY OWNERSHIP IN TURKEY

Real Estate Tax Practice in Turkey, declared by the local municipality (paid before the end of May each year) is of 0.02% of property value. In most cases, the annual property tax for a 2 bedroom apartment in the Alanya region is 80-100 €. Energy cost per electric kWh: application is 0.131 € (July 2019, including VAT and various taxes). Water cost per m3 of water: app. 0.88 € (including VAT and various taxes). Phone Cost Per Unit: application. 0.039 €, standard fare. Monthly rental: app. 7.20 €, standard fare. Unit duration (province): 60 seconds. Telephone tariffs include VAT (18%), excluding SCT (15%).

PURCHASE COSTS