Hidden Costs to Consider When Buying Property in Turkey
Many foreign buyers focus on purchase prices while underestimating additional expenses. Beyond the property cost, budget for notary fees (1-2%), title deed tax (4%), and mandatory earthquake insurance. Annual property taxes range 0.1-0.6% of declared value, while maintenance fees in complexes can reach €100-300 monthly.
Utility connection deposits and translator costs for legal documents often surprise newcomers. Some municipalities charge additional "environmental fees" for coastal properties. Always request a detailed breakdown of all anticipated expenses before committing.
For complete cost calculators and location-specific fee structures, Yektahomes offers helpful planning resources.
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