Real estate fees in Turkey

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One of the reasons that bring foreign buyers and investors in Turkey is the low real estate expenses or fees when buying a property. the purchase.

Real Estate Appraisal Report Fee:
It is the evaluation report that shows the value of the property and it must be extracted before transferring the title deed (Tabu) of real estate in Turkey to foreigners. Buyers pay these fees directly to the Real Estate Appraisal Department at the Land Registry.

Title Deed Transfer Fee (Tabu):
Title deed transfer fees (Tabu), where the General Directorate of Land Registry and Cadastre takes the procedures to complete the purchase and transfer of ownership.

property tax:
To the real estate fees in Turkey, the annual property tax is added, where the residential property tax is paid every year, which is 0.2% in civil municipalities and 0.1% in non-urban areas, and the tax rate on commercial real estate is 0.4% in urban areas and 0.2 % in non-urban areas.

Property processing fees:
It is one of the real estate fees in Turkey, which is one of the main expenses that is paid when receiving the property for the first time, which is the fees for opening water, electricity and gas, as well as the subscription bill for the Internet service.

Monthly returns:
In addition to real estate fees in Turkey, the monthly returns, which is a Turkish term that represents a monthly fee paid by all owners of apartments or real estate to the administration responsible for the complex or architecture.

Real estate agent fees:
Real estate fees in Turkey also include real estate agent fees, as by law when buying a used resale property, registered and licensed real estate agents receive a commission of 2% in addition to the value-added tax service fee, and these fees are paid by the buyer.

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