Payments for buying an apartment in Turkey

Created: 2021-06-29
Last Updated: 2025-12-23
Views: 6427

Content Index

First: taxes to be paid only once:
* Value Added Tax:
* Tapu tax or property title deed tax:
Second: Taxes that are paid frequently and annually:
* Municipal tax:
* Natural disaster insurance:
Third: Taxes that are paid every month:

Buying an apartment in Istanbul is an ideal option for those looking for a place to live and settle in Turkey, and the most important characteristic of real estate prices in Turkey is their low and easy access to real estate, and the payments resulting from buying an apartment in Turkey are limited and known, in addition to the price of the apartment Agreed upon, there are some additional costs, which we will learn about below:

First: taxes to be paid only once:

* Value Added Tax:

The value-added tax is calculated from the price of the property in Turkey in the market, ranging from one percent to eighteen percent, and is determined by the apartment in Istanbul, the area in which it is located, the level of construction and the price per square meter of the land in which it is located. The property was built in it, but the value of the value-added tax is not calculated based on the total area of the property, but rather from the net area. This property tax is paid by the buyer when buying a house in Istanbul and only once.

* Tapu tax or property title deed tax:

This type of tax is paid when registering title deeds, i.e. when registering the title deed in the records of the Real Estate Registry Department in Turkey. The value of the title deed tax is equal to four percent of the price agreed to be paid by the parties to the contract when buying a property in Istanbul Or any other city, and this tax is usually paid by both the seller and the buyer, i.e. equally between them, meaning that the seller pays two percent of the title deed tax upon completion of the purchase of an apartment in Istanbul, and this percentage is considered specifically when buying house in Istanbul as well as the purchase of villas for sale in Istanbul. The legal heirs when transferring ownership of the property must also pay a tax within the procedures for transferring ownership of the property.

Second: Taxes that are paid frequently and annually:

* Municipal tax:

The municipality tax is imposed by the municipalities on all real estate in Turkey, and each municipality is responsible for imposing a tax on real estate located within the area under its administrative service. The value of the municipal tax, which is paid annually, is 0.03 percent of the value of the apartment in Turkey The reason for imposing this tax is in return for the services that the municipality in Turkey provides each year.

* Natural disaster insurance:

Real estate owners in Turkey, including those who buy an apartment in Istanbul, are required to pay the property insurance tax in Turkey against earthquakes and natural disasters in the form of an annual tax to be paid by the owner of the apartment in order to ensure obtaining insurance for his apartment against disasters Natural disasters or in the event of an earthquake and the value of the insurance tax against natural disasters is equivalent to two US dollars for every one square meter of the apartment area in Istanbul

Third: Taxes that are paid every month:

It is the costs that are paid in each hair in exchange for building services or the residential complex in which the apartment is located in Turkey, such as the staircase cleaning service or the maintenance of the building elevator, the care of the garden of the tower, cleaning the swimming pool, and the electricity bills for lighting the apartment complex or lighting the tower. The stairs, as well as the building or residential complex water bills, and in the event that there is a guard for the building or complex, his expenses must be paid, as well as the expenses of the person responsible for the construction or residential complex. These monthly expenses are called the revenues of apartments in Turkey, which usually amount to Between fifteen Turkish liras and up to one thousand Turkish liras in luxury and high-end residential complexes in the affluent neighborhoods of Istanbul, such as Basaksehir, Etilar and others, which sometimes the value of the returns of the apartments may reach up to ten thousand Turkish liras.

#apartments #istanbul #turkish_citizinship

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