Hidden Costs of owning a property in Turkey

The 'hidden extras' - revealed!

Before we go too far, it's important to understand what other costs you will incur when buying or through ownership of your new property. We've separated these into costs that are associated with the purchase and those that are incurred after you've moved in; the costs of villa ownership. There's no need to worry the costs we are describing are of the same kind and amount that you might expect to pay in any country... including back home.

All illustrations of cost are based on a buying price of € 100,000

EXAMPLE OF ADDITIONAL COSTS ASSOCIATED WITH PURCHASE

PURCHASING TAX	3.3% Payable on the declared value of the property	€ 3,300
ACCOMMODATION TAX	Similar to council tax in the U.K	€ 150
UTILITIES CONNECTION CHARGES	One off payment off € 250 - transferring the water and electric in to your name	€ 250
DASK	Compulsory Earthquake Insurance	€ 100
NOTARY & TRANSLATION FEES	Passport translation and notary fees	€ 100
MILITARY CLEARANCE PROCESS	This covers a military clearance process, similar to a land search and is required because foreigners are not allowed to buy property in the military, strategic and security zones of Turkey.	€ 750
	TOTAL	€ 4650

- All costs are estimates and for guidance only.

- If you are arranging a mortgage through a bank there will be additional set up fee.

- There is also Living Permission cost for some countries such as Russia which costs €650

If you have any questions,

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