Buying property in Türkiye is an exciting opportunity, whether you’re looking for a vacation home, a permanent residence, or an investment. With its beautiful coastlines, growing real estate market, and citizenship-by-investment program, Türkiye is attracting buyers from all over the world. However, many first-time and even experienced buyers overlook hidden costs that can affect their budgets and overall investment returns.
Here’s a breakdown of what most buyers miss—and how to prepare for them.
1. Title Deed (Tapu) Fees
The Tapu (title deed) transfer tax is 4% of the declared property value, typically split between buyer and seller. However, in practice, buyers often cover the full amount. Make sure this is clarified in your contract.
2. Notary and Translation Fees
If you’re a foreign buyer, official translations of documents and notary certifications are often required. These services can add several hundred dollars to your total costs, depending on the complexity and number of documents.
3. Real Estate Agent Commissions
Real estate agents typically charge a 2% commission from both the buyer and the seller. Some buyers assume the fee is included in the property price, which can cause surprise at closing.
4. DASK (Compulsory Earthquake Insurance)
Every property in Türkiye must be covered by DASK insurance, even before utilities can be connected. Though affordable (typically 50–200 USD annually), it’s a recurring cost that many overlook.
5. Annual Property Taxes
Once you own the property, you’re responsible for annual municipal property taxes, usually 0.1%–0.6% of the property’s value, depending on location and property type. Luxury or sea-view properties often attract higher rates.
6. Utility Transfer and Setup Costs
Activating electricity, water, internet, and gas in your name involves connection and deposit fees. This can range from 300–1,000 USD in total, depending on the region and provider.
7. Maintenance and Site Fees
If your property is within a residence, complex, or building with shared facilities, expect monthly maintenance (aidat) fees. These can range from 20 to 300 USD/month depending on amenities such as pools, security, gyms, and more.
8. Lawyer and Legal Assistance Fees
Hiring an independent lawyer is highly recommended. Legal fees for property transactions typically range from 1,000 to 2,500 USD, depending on the complexity. While optional, legal help can prevent costly mistakes.
9. Currency Exchange Fees
Since property prices are often listed in Turkish lira, euro, or USD, exchanging large amounts of money can involve currency conversion costs or transfer fees that reduce your purchasing power.
10. Renovation or Furnishing Costs
Unless you’re buying a furnished unit, expect to budget for furniture, appliances, or even minor renovations. This cost varies widely but can easily add 5–10% of the property price.
Avoid Surprises with a Trusted Partner
Many of these hidden costs can be minimized—or even avoided—with the right guidance. At Omran TRK, we offer full support throughout the buying process, including:
• Transparent breakdown of all costs
• In-house legal and financial consultancy
• Turnkey projects like Cennet Yalova and Cennet Çınarcık, with modern amenities and no surprise fees
• Assistance with title deed registration, DASK insurance, and utility setup
Understanding the full financial picture is key when buying property in Türkiye. By being aware of these often-overlooked costs, you can plan your investment smartly and avoid last-minute surprises.
Looking for expert guidance? Contact Omran TRK to explore our top-rated properties and enjoy a smooth, transparent property purchase experience in Türkiye.
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