When buying real estate in Alanya, in addition to the cost of the property itself, you need to take into account the following additional costs:
1. Property purchase tax
Usually amounts to 4% of the estimated cadastral value of the property. This tax is paid at the cadastral office when registering the ownership (Tapu).
2. Legal services
If a lawyer is involved to check the purity of the transaction and draw up documents, the costs are about 500-1,500 euros. This is not mandatory, but recommended to ensure the safety of the purchase.
3. Registration of TAPU (ownership)
Registration of TAPU and paperwork cost about 100-200 euros, including fees for extracts from the cadastral register.
4. Obtaining a TIN (tax number)
This is a mandatory, but free process. TIN is needed to draw up documents and open a bank account in Turkey.
5. Certificate of currency exchange at the bank.
6. Notary services and translation of documents
Notarization of the translation of a passport and other documents will cost about 100 euros. The services of an accredited translator at the cadastral chamber - about 100 euros.
7. Property valuation
In Turkey, an official valuation of real estate is mandatory. The valuation service costs about 300-400 euros, and its results are used to pay the purchase tax.
8. Utility and registration fees
Connection and registration of utilities (water, electricity, gas) are about 200-400 euros.
9. Annual property tax
Once a year, a property ownership tax is paid. The rate is about 0.2% of the cadastral value for housing in cities.
10. Aidat (monthly maintenance costs for the complex)
If the property is in a residential complex, you will need to pay “aidat” every month – a fee for the maintenance of common areas (cleaning, pool maintenance, security, gardener, etc.). This amount usually ranges from 30 to 100 euros per month depending on the level of the complex.
These additional costs will help you plan your budget so that you are prepared for all financial aspects when buying a property in Alanya.