When purchasing a property in Turkey there are of course a number of fees involved, below is a summary of the costs incurred.
Translation of Passport at the Cartography Office: £40 per passport
Notary Costs(Power of Attorney) & Translator Fee: £125
(Or just Translator fee if representing yourself at completion 300ytl)
For costs based on obtaining a Power of Attorney in the UK please contact us
Final Stage Costs
Purchase Tax 4% of Declared amount**: £(Roughly calculate 4% of 90% of Purchase price)
Solicitors Fees (1% of Purchase subject to min£650): £650
Duty Tax 2: £140
Paperwork Fees: £40
DASK (Compulsory Government Insurance): £35 - £90
Estate Agent Fees 3% of Purchase Price: £
Private Insurance (Buildings & Contents) Approx. £100 - £200 per annum
Approximate annual ongoing payments
Annual maintenance fee – Compulsory if part of a complex and price varies depending on the type of property and complex usually between £350 - £850 for an apartment and £650 to £1500 for a Villa.
Council Rates & Property taxes are payable May & November and cost approximately £100 per annum, Dependent upon property type, area & size of property - Paid at the local Post Office by presenting a copy of your TAPU.
DASK (Compulsory Government Building insurance): £ 35 - £90 (Varies depending on size and age of property) - Paid annually, just add it on to your own Buildings and contents insurance
Electricity/Gas & Water – Dependent on personal consumption. A deposit of 450ytl Electric & 120YTL water is required by the Utilities Companies when registering new ownership - Once set up in your name the bills can be paid by cash at the Post Office or by Direct Debit.
*All the above costs are for guidance purposes only and are subject to change as set by the government
Please contact us for a quote based on your chosen property