The cost of buying property in Turkey: taxes & fees
Purchasing property in Turkey involves several costs and taxes beyond the asking price. It's important to be aware of these financial obligations to ensure a smooth transaction and avoid unexpected expenses.
This guide provides an overview of one-off purchase costs, recurring ownership costs, and mortgage considerations for non-residents. Always verify specifics with official sources or a qualified local professional.
One-off Purchase Costs
When buying property in Turkey, consider transfer tax, notary fees, and legal fees alongside the property's price.
Transfer tax typically ranges from around 2% to 4% of the purchase price and can vary by municipality.
- Transfer tax: approx. 2% to 4%
- Notary and registration fees: 0.5% to 1%
- Legal/conveyancing fees: usually about 1%
Estimated Total Percentage to Budget
On average, total one-off purchase costs can vary between 5% to 8% of the property's purchase price.
It's advisable to factor in this range to your budget for a more accurate financial plan.
Worked Example
For a typical property price of €156,500, here is a breakdown of estimated one-off costs:
- Transfer tax (approx. 3%): €4,695
- Notary/registration (approx. 1%): €1,565
- Legal/conveyancing (approx. 1%): €1,565
Total one-off costs: €7,825, bringing total estimated costs to €164,325.
Recurring Costs of Ownership
Property ownership in Turkey comes with recurring costs such as annual property tax and community fees.
Annual property tax generally ranges from about 0.1% to 0.6% of the property's value, while community or condo fees can vary widely depending on the development and location.
- Annual property tax: approx. 0.1% to 0.6%
- Community fees: range widely based on amenities
- Utilities: costs can vary based on consumption style
Mortgage Costs for Non-residents
Non-residents may face challenges obtaining a mortgage in Turkey, but it's possible through various banks.
Interest rates and loan terms can differ significantly, and it's wise to seek advice from mortgage advisers or local banks.
Final Considerations
Costs and taxes can differ by location and property type in Turkey, so consider consulting with local experts.
Always check with official sources or qualified local professionals to confirm the current rates and rules.
Frequently asked questions
What additional costs should I consider when buying property in Turkey?
Consider transfer tax, notary fees, legal fees, and ongoing maintenance costs.
How much should I budget in total for buying a property in Turkey?
Budget approximately 5% to 8% of the purchase price for one-off costs.
Are there annual taxes I need to pay on my property?
Yes, property tax is due annually and typically ranges from 0.1% to 0.6% of the property's value.
Can non-residents obtain a mortgage for property in Turkey?
Yes, but it may be more challenging; rates and terms vary significantly.
Should I hire a lawyer when buying property in Turkey?
Yes, it's advisable to hire a local lawyer to help navigate the process and ensure compliance with local laws.
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 July 2026.