Are you interested in property for sale Turkey based? It’s not difficult to understand why. After all, Turkey offers an interesting culture, stunning scenery, and a beautiful climate.
However, you may be wondering how much it’ll cost to purchase property in Turkey. This depends on the type of property and the area where you want to buy a villa or apartment.
What are the one-off expenses for property for sale in Turkey? Firstly, there is the agency fee, which is three per cent as a standard in Turkey. If an agency charges more than this, you should be wary. You also have the legal fees to factor in. You can expect to pay roughly £1,000 for the services of a real estate solicitor.
You also need to be aware of stamp duty, which was previously called Turkey property buying tax. Stamp duty amounts to 4.4 per cent of the property’s assessed value. The assessed value will usually come in at about 60 per cent of the purchase price.
The three costs mentioned above – agency fees, legal fees, and stamp duty – are the main added expenses you need to be aware of when it comes to property for sale Turkey wide.
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