Expenses of Property Purchase in Turkey

Conveyance
In contrast to most European countries, the entry in the property register in Turkey is not performed by a Notary Public, but by an official of the Property Registry Department. It is a legal requirement for both sides (the seller and the buyer) to be present at the entry. It is possible to authorise another person by giving a Power of Attorney at Notary Public. The delivery of the Title Deed of transfer does not require the intervention of a Notary Public in Turkey. After the entry and delivery the property register issues a proof of ownership, which is called ‘Tapu’.

Giving Power of Attorney at Notary Public:
Appr. 60 Euro

Conveyance tax:
3% of the property value stated in the Tapu Office. This is paid at one of the State Banks at the time of conveyance (the amount stated in the Tapu Office is lower than the real property value and approximately between 400-800 Euro).

Registration Fee at the Property Registry Department (Tapu Office):
Appr. 25 Euro.

Completion Report
Obtaining “Completion Report” (New built properties only):
Starting from 350 Euro, depending on the size and the location.

Annuall expences
Property tax (Emlak Vergisi) :
0,1% of the property value declared by the local municipality (to be paid before the end of May each year).

Electricity
New connection of electricity meter:
Appr. 100 Euro (once only)

Name transfer of an existing connection:
Appr. 30 Euro (once only)

Energy cost per kwh:
Appr. 0,10 Euro

WATER
New connection of water meter:
Appr. 60 Euro

Name transfer of an existing connection:
Appr. 30 Euro

Water cost per m3:
Approx. 0,75 Euro

Land Line Telephone:
P.s.: You can only get a land line telephone registered if you have residence permit in Turkey.

Telephone connection:
Approx. 4 Euro

Cost per unit:
Approx. 0.036 Euro

Monthly rental:
Approx. 3.66 Euro

Unit period (province):
60 Seconds