The cost of buying property in Turkey: taxes & fees
If you're considering buying property in Turkey, understanding the various costs involved is crucial. This guide outlines one-off purchase costs, recurring expenses and offers insights specifically for prospective buyers.
Whether you are a non-resident or planning to relocate, knowing the buying costs will help you budget effectively and avoid surprises during your property purchase.
One-Off Purchase Costs
When purchasing a property in Turkey, expect several one-off costs in addition to the property price. Key expenses include transfer tax, notary fees, and legal fees.
Transfer tax in Turkey generally ranges from 2% to 4% of the purchase price, depending on local regulations. Notary fees and registration can add another 0.5% to 1% of the purchase price, while legal fees typically range around 1% to 3%.
Estimate Your Total Budget
Given the typical asking price of €990,000, you might expect one-off costs to total around 7% to 8% of this price. This includes transfer tax and professional fees.
For example, if your purchase price is €990,000, your additional costs could be estimated at approximately €69,300 to €79,200.
Recurring Costs of Ownership
Once you've purchased your property, ongoing costs will include annual property tax, community or condo fees, utilities, and insurance. Generally, property tax in Turkey ranges from 0.1% to 0.6% of the property's registered value.
Community fees can vary widely based on the property type, but it's reasonable to set aside several hundred to a couple of thousand euros per year, depending on amenities.
Mortgage Costs for Non-Residents
Non-residents can obtain mortgages in Turkey, but terms may vary significantly. Interest rates are likely higher for foreign buyers compared to nationals.
It's advisable to speak with local mortgage advisors and banks to understand current offerings and requirements.
Conclusion
Understanding these costs will help you budget accurately and make informed decisions about your property purchase in Turkey. It's always best to consult with a qualified local lawyer or accountant for the most accurate and specific advice.
Frequently asked questions
What is the transfer tax rate in Turkey for property purchases?
Transfer tax typically ranges from 2% to 4% of the property purchase price, depending on local regulations.
How much should I budget for notary and legal fees?
Notary fees and legal fees usually range between 1% and 4% of the purchase price.
Are there ongoing costs after buying property in Turkey?
Yes, ongoing costs include annual property tax (0.1% to 0.6% of property value), community fees, utilities, and insurance.
Can non-residents get a mortgage in Turkey?
Yes, non-residents can obtain mortgages, but terms may vary. It's advisable to consult local lenders for specific options.
What is the typical percentage of total costs to add to the purchase price?
It's advisable to budget an additional 7% to 8% of the purchase price for one-off costs.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed August 2026.