It has become very easy for foreigners to own real estate of all kinds in Turkey, and they have also been granted.

Real estate taxes in Turkey

Date:Saturday, October 2, 2021

It has become very easy for foreigners to own real estate of all kinds in Turkey, and they have also been granted.

Real estate taxes in Turkey

It has become very easy for foreigners to own real estate of all kinds in Turkey, and they have been given additional advantages such as residence for the property owner and his family, and the amendment of the Turkish citizenship law was through real estate investment worth 250 thousand dollars. A foreign citizen in Turkey can own all types of real estate, including residential real estate and real estate commercial land, etc. Provided that it is not located within the territory of the state, the Turkish authorities or the military authorities in Turkey.

First, what are real estate taxes?

They are cash amounts to be paid either when buying a property and transferring its ownership or in exchange for certain services and insurances related to the property.

Tax types

First: One-time real estate taxes:

Value added tax:

It ranges between 1% to 18% and is calculated from the total value of the property.
Among the factors that affect the VAT calculation are the type of property, the area in which it is located, and the price per square meter of the land on which the property is based.
The area of ​​the property also has a role in determining the added value and it is calculated according to the net area and not according to the total area.

Real estate title deed tax and other related fees:

Real estate title deed tax (real estate registration tax)

 It is a tax that is paid when registering the property in the Real Estate Registry Department in Turkey, and its value is equivalent to about 4% of the property price in the market. It is paid equally between the seller and the buyer {2% on the seller and the same on the buyer}. It is also necessary for the heirs, when carrying out the procedures for transferring ownership of the property, to pay the value of the previous tax.
In addition to the title deed tax, there are other fees to be paid when carrying out the procedures for transferring ownership of the property, including:

Noter fees: translation and attestation of the required personal documents, such as a passport, equal to approximately $50.
Tapu fee: It is a fee that is paid when extracting the title deed or title deed in the name of the new owner, and it is equal to approximately $60.
Property Ownership Tax: Its value is 3.9% of the property value.
Real estate transfer fee: This fee is paid upon receipt of the ownership transfer request by the map office in the Real Estate Registration Directorate, and its value is $200.

Real Estate Gains Tax:

It is a tax that the seller must pay when he sells a property that has not been owned for five years, but if the period of ownership of the property exceeds the five-year barrier, this tax is canceled. The value of this tax ranges from 15 to 35% of the declared net profit when selling the property.

Second: Real estate taxes that are paid periodically:

Taxes paid each year:


Earthquake and natural disaster insurance fees: The Turkish state is obligated to compensate property owners affected by earthquakes and natural disasters in amounts that may reach 150,000 Turkish liras, and in return, real estate owners pay mandatory annual insurance fees that range between 35 and 250 Turkish liras, depending on the area of ​​the property.

Municipal taxes: a tax that is paid to the municipality that belongs to the property in two installments during two different periods of the year, and the value of this tax is equal to 2 per thousand of the value of the property registered on the title deed, in exchange for the services provided by the municipality.

Taxes paid every month:


Water and electricity taxes: Water and electricity fees include a one-time fee when registering for water and electricity meters for the first time, at a value of $150 for electricity and $200 for water. Fees are also paid for each transfer of ownership of smaller amounts.

As for the monthly fees for water and electricity, they depend on the amount of monthly consumption, as the price of one kilowatt of electricity is 0.11 US dollars, and the price of a cubic meter of water is about 0.85 US dollars.

Residential complex taxes: which are fees paid on a monthly basis in favor of the real estate company supervising the housing complex, also called revenues, in exchange for the various services provided by this company, such as swimming pools, gardens, building security, surveillance cameras, cleaning and maintenance of building facilities, and Other services, and the value of these fees varies from one residential complex to another, depending on the quality and quality of the services available, but they are generally low-cost, starting at $25 per month, depending on the area of ​​the apartment and the services of the complex, and any building that includes a group of apartments can include a commission A building that provides services for a monthly fee, like the committee supervising the housing complex.

Calculating the annual property tax in Turkey

The annual tax value on real estate in Turkey is calculated based on the value declared upon purchase, which is determined by the title deed - title deed, and is according to the following segments:

Residential real estate: 0.1%.

Commercial real estate: 0.4%.

Land with permission to build commercial buildings: 0.6%.

Agricultural land: 0.2%.

Necessary documents when buying a property in Turkey:

-A translated copy of the passport and certified by a notary public

-Extracting a tax number

-4 photos 

-Real estate appraiser report in Turkey that shows the approximate property value

-After obtaining the title deed, it is possible to apply for a residence permit by owning a property in Turkey or obtaining Turkish citizenship if the property price exceeds 250 thousand dollars.

Owning real estate in Turkey gives you and your family the right to obtain a real estate residence permit, which is an identity with a national number that facilitates your life and conduct of legal transactions in Turkish state departments, and exempts you from obtaining a Turkish visa every time you come to Turkey.

Related Blogs:

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Investment conditions in Turkey

Who is the real estate advisor? What are the criteria for his selection?

Real estate investment opportunities in Turkey

The importance of investing in Turkey


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