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Besides the price of the apartment, foreign buyers in Türkiye should plan for a few one-off and yearly costs. This guide lists the main items so you can budget before you reserve a property.
One-off costs at purchase
- Title deed fee: 4% of the declared price in total, usually shared 2% buyer and 2% seller as agreed in the contract.
- Valuation report from a licensed valuation firm, required for title deed transfers to foreign buyers.
- Sworn translator at the land registry and notary fees for any power of attorney.
- Compulsory earthquake insurance (DASK), which must be in place for the transfer.
- Subscription deposits for electricity, water and natural gas.
VAT on new-build homes
On the first sale of a new home or workplace, foreign buyers can be exempt from VAT if the price is brought into Türkiye in foreign currency under the conditions of the VAT Law. Generally at least half of the price must be brought in before the sale and the property should not be sold within one year. Confirm eligibility with the developer and an accountant before signing.
Yearly costs
- Annual property tax, set by the municipality as a small percentage of the official tax value.
- Building management fee (aidat) for security, cleaning and shared facilities.
- DASK renewal and optional home insurance.
- Income tax on rental income if you rent the property out.
Use our investment calculator to see how these costs affect your return, and ask us for a written estimate for a specific apartment. Rules and rates change; check them with a licensed lawyer or accountant before you buy.
