Expenses of Buying Real Estate in Turkey

One-Time Fees You Need To Know About Before Buying a Turkish Property

There are fees you have to pay before and after you can get your hands on the keys to your new property in Turkey. Even though the expenses, as well as the whole procedure, seem to be more suitable than in other countries, as a real estate buyer you need to be aware of some legal facts.

This guide explains what expenses and costs you'll need to factor in when buying a property in Turkey.

Costs Before Completion

Appraisal Report

The Turkish government has made the real estate valuation report mandatory when purchasing Turkish properties.  The Land Registry office accepts valuation reports prepared only by SPK-authorized experts. The cost of the appraisal report may vary depending on the location and type of property. 

Average prices excluding VAT are as follows:

• Residential properties (1 – 5.000 m²): 5.500 TL – 11.729 TL
• Commercial properties (1 – 10.000 m²): 5.983 TL – 19.495 TL
• Land parcels (1 – 25.000 m²): 7.493 TL – 11.924 TL
• Land areas (1 – 100.000 m²): 5.856 TL – 6.744 TL

* Read more about the appraisal report in Turkey.

Conveyance Tax (Title Deed Transfer)

The title deed (Tapu in Turkish) is the legal document that explains who owns an immovable property. The document provides information about the property and determines the location of the property.

In order to get the title deed (ownership of the property), the buyer pays a "Conveyance Tax". The value of the property is based on the appraisal report. For now, it is 4% of the declared value to the General Directorate of Land Registry and Cadastre. This is paid at one of the Turkish State Banks when you sign the purchase contract.

During the title deed transfer, there are also additional costs such as:

• The title deed delivery fee is:

from Turkish citizens to Turkish citizens: around 3.600 TL
from foreign citizens to foreign citizens: around 9.100 TL
from Turkish citizens to foreign citizens: around 9.100 TL
from foreign citizens to Turkish citizens: around 15.000 TL

• Circulating Capital (Döner Sermaye Harcı) and Cadastral Tax (Tapu Kadastro Harcı): 5.000 TL - 6.000 TL
• If either party doesn’t speak Turkish, a sworn translation fee: 2.000 TL
• Notary fees for Power of Attorney: around 6.500 TL (Including Sworn Interpreter)
• Passport translation approved by Notary: around 1.000 TL for each person

You can visit our “Obtaining Title Deed in Turkey” page to get detailed information about title transfer in Turkey.

Real Estate Agent Fee

During the property sale, the registered and licensed real estate agents in Turkey are entitled to receive 2% of the sales price both from the buyer and the seller. However, it is mentioned either in our property listings if any extra agent's fee is applicable or mutually during the viewing and/or sales process.

In most cases, our agent's fee is included in the price. We do not charge an extra agent's fee for the newly built properties, since it is usually paid by the property developer / construction company or the property owner. 

Lawyers Fee

As a foreigner, you may choose to hire a lawyer who will be able to coordinate all legal work during the buying process in Turkey. You will not need a lawyer in the process of buying a property with TERRA Real Estate. For further details, please contact us.

Ongoing Costs

Annual Property Tax (Emlak Vergisi)

Every key holder must pay a Property Tax which varies in accordance with the location of the property, 0.1% in provincial zones and 0.2% in cities. Whereas, the commercial property tax value is 0.4% in urban zones or 0.2% for provincial districts. 

Compulsory Earthquake Insurance (DASK)

Natural Disaster and Earthquake insurance is compulsory in Turkey and must be renewed every year. DASK fees vary based on the property's earthquake risk zone, construction type, and size. For example, the DASK fee for a 100 m² reinforced concrete home ranges between approximately 468 TL and 1,817 TL. You can check the latest prices using the calculation tool on DASK's official website.

Read on for detailed information about DASK.

Electricity, Water, Telephone, and Internet Subscription Fees

— Electricity Subscription Fee: After the property purchase, you will need to pay for getting the electricity connection. The subscription registration fee is approximately 1250 TL.

— Water Subscription Fee: The subscription in water supply costs around 7.000 TL - 9.000 TL.

— Telephone and Internet Subscription Fees: Only if you have a residence permit in Turkey, you can get a landline telephone and internet connection. The cost depends on the company and what the package includes, so the best is to compare offers from the providers in the area you live in.

You can visit our “Utility Subscriptions in Turkey” page to get detailed information about water, telephone, and electricity subscription fees.

Maintenance Fee

Many properties have special site management in charge of garden and building maintenance, security services, etc. Apart from expenses of property purchase in Turkey, as a property owner in Turkey, you will have a maintenance fee (Aidat in Turkish) to pay monthly as well. In most cases, the 12-month maintenance fee is paid once a year in a lump sum to make it easier.

If you have any further questions about the expenses and costs of buying property in Turkey, you can contact us, and we will provide you with the most updated information.

* The above figures are updated annually by an Editor. Last updated: 31.01.2025