Main expenses when buying property in Turkey
Before receiving a certificate of ownership (TAPU), a tax is paid, which is 4% of the cost of the purchased housing (the amount is divided in half between the seller and the buyer). It is paid at a state bank.
The buyer must pay cadastral tax on application and service fee. Their total cost is 891 Turkish lira.
In Turkey, it is not necessary to have a contract certified by a notary, since only TAPU has legal force. However, if both parties or one of the parties want to do this, the notary’s services will cost them from 620 to 1,800 Turkish lira.
When obtaining and signing a certificate of title with the participation of foreign persons, the presence of an accredited translator is mandatory, whose services range from 100 to 200 Turkish lira.
Registration of a power of attorney
If the buyer himself cannot be present when completing the documents and receiving the certificate, he will have to pay about 500 liras for issuing a power of attorney for his representative.
Lawyer services (Russian-speaking, English-speaking) vary from 7,500 to 10,100 Turkish liras, depending on the amount of work done.
In the case of mortgage lending, obtaining a property valuation report in Turkey before the purchase itself will cost approximately 1,450 Turkish lira.
You can learn about the costs of maintaining real estate in Turkey from our article.