What taxes and utility payments can property owners in Turkey expect?

Taxes and fees in Turkey

Annual mandatory payments for taxes and various fees, as well as for utility services in Turkey, can turn out to be much more advantageous compared to those in countries like Spain or Italy. Although there are property taxes in Turkey, their rates are quite moderate, and the costs for utilities are significantly lower. It is the responsibility of both local citizens and foreigners to pay all bills for provided services on time.

After purchasing property in this country, new owners should carefully familiarize themselves with the various types and amounts of utility fees, the frequency of their billing, as well as the available methods for payment.

The process of purchasing real estate for foreigners

More detailed information about the process of purchasing real estate by foreigners in Turkey can be found in other publications. Regarding annual taxes and fees, it should be noted that there are no additional costs for non-residents. All foreigners pay the same taxes as all local citizens.

Real estate appraisal

Since 2023, it is required to have certain documents to carry out any real estate transactions in Turkey.official property appraisal reportThis has become a mandatory requirement. This report specifies the cadastral value of the property, which serves as the basis for determining the tax burden on the owner.

Property tax in Turkey

Every property owner in Turkey is required to pay property tax annually.property tax), which varies depending on the type of real estate. Tax rates differ for residential and commercial buildings, as well as for land plots. For example, for residential properties such as apartments and houses, the rates are as follows:

• 0.1% for provincial areas;
• 0.2% for large cities.

As for commercial properties, such as offices or retail outlets, the tax is set at the level of:

• 0.2% in the provinces;
• 0.4% in large cities.

The tax for land plots can vary depending on the presence of building permits.

• Without permission: 0.1% in provinces and 0.2% in large settlements;
• With permission: 0.3% in provinces and 0.6% in major cities.

Tax amounts

Typically, owners of small apartments with one or two bedrooms pay taxes in the range of 100-200 euros per year, while villa owners can expect annual payments between 300-500 euros. Cities with higher tax rates include Istanbul, Ankara, Antalya, Izmir, Mersin, and other popular tourist destinations for foreign buyers.

Taxes on new buildings

For new buildings that have not yet received a technical passport, the rates are 0.3% or 0.6%, similar to plots with building permits. Taxes must be paid twice a year — by the end of May and by the end of November.

As a convenient alternative, there is the option to make a one-time payment for all taxes at once. Thus, despite the overall obligations, the process of managing taxes and fees in Turkey is quite simplified, making it more accessible for property owners.

Responsibilities of property owners

To fulfill their obligations to the state, property owners are required to visit the local government office (belediye) and provide a document confirming their ownership rights (tapu). At the administration, they will receive information about the necessary tax amount, as well as current data for its payment. There is an option to make the payment online through the official websites of the municipalities. For example, apartment owners in Alanya have the opportunity to use the city administration's platform for online payment.

Tax on luxury real estate

Since the beginning of 2021, Turkey has introduced an annual tax on expensive real estate (değerli emlak vergisi). In 2022, this tax applied to properties with a cadastral value exceeding 6.17 million lira. However, in 2023, due to inflation, the thresholds were revised, and now properties valued at 9.96 million lira (approximately 342 thousand dollars at the exchange rate in December 2023) are subject to the tax.

Determination of cadastral value

As for the determination of the cadastral value of real estate, the additional tax on luxury housing is calculated as follows:

• For a cost ranging from 9,967,000 to 14,951,000 lira, the rate is 3 per thousand.
• for a price ranging from 14,951,000 to 19,936,000 lira, the rate increases to 6 per thousand;
• For a value exceeding 19,936,000 lira, the tax is 10 per thousand.

Progressive tax rate

The tax rate is progressive. For example, if you have an apartment with a cadastral value of 12 million lira, the rate of 0.2% will apply to the first 9.9 million, and a higher rate will be applied to the remaining amount.

Tax exemption

It's important to noteIf the owner has only one property in Turkey, they are exempt from paying the luxury housing tax. If the owner has multiple properties, the tax is not applied to one of them—the one with the lowest cadastral value. In the case of joint ownership, the tax liability must be distributed according to the shares of each owner.

Tax payment deadlines

The tax can be paid in two equal installments: the first half must be paid by the end of February, and the second half by the end of August.

Municipal fees

In addition to property tax, owners must also pay small municipal fees, such as garbage collection and street cleaning fees. The amount of these fees is determined by the local administration and depends on the location of the property and its size. Most often, these amounts are indicated in water bills, as the costs for garbage collection for residential properties are calculated based on the volume of water consumed and have the following rates:

• 0.68 lira per cubic meter for large cities;
• 0.5 lira for small settlements.

Plates for commercial properties

For commercial real estate, there are separate rates that also depend on the volume of waste collected. On average, the cost of waste disposal ranges from 10 to 40 euros per year.

Utilities

As for utilities, all payments in Turkey are based on meter readings. It doesn't matter whether the owner lives in their apartment or not; they still need to make monthly payments for the maintenance of the housing complex, known as aidat.It's important to rememberthat these expenses are an important part of the financial obligations of the owners.

What is aidat?

Aydat is a regular payment made by property owners to fund services related to the maintenance of common areas and infrastructure of a residential complex. The entire residential area is united, and residents collectively pay for services such as cleaning, maintenance, security measures, and more.

What services does the maintenance fee cover?

Among the services offered, the following can be highlighted:

• pool cleaning,
• elevator maintenance,
• support for video surveillance systems,
• the work of concierges and gardeners.

The cost of the apartment increases proportionally to the number of available amenities in the complex; the more options provided to the residents, the higher the monthly fee.

How is the size of the IDATA set?

Taking into account the determination of the amount of the maintenance fee, this is done at the annual residents' meetings, during which decisions are made regarding the appointment of a manager or switching to the services of a management company. The amount of the maintenance fee can vary significantly:

• for standard apartment buildings — about €10 per month,
• for elite complexes with extensive infrastructure — over €100.

What is happening with the rise in prices?

This year in Turkey, there is not only an increase in housing and rental prices, but also a rise in the amount of aidat (maintenance fees). In response, the government is developing a bill aimed at limiting the increase in management fees for residential complexes to...30%per year, to ease the financial burden on owners.

Payment methods for IDATA

Payment for the ID can be made either in cash or via bank transfers. However, it is important to keep the receipts for the payments made to monitor expenses.

Electricity tariffs in Turkey

When it comes to electricity tariffs, Turkey boasts some of the lowest rates in Europe, surpassed only by Bulgaria and Hungary.2023In 2023, the average cost of one kilowatt-hour for households was around €0.08.

How are electricity rates calculated?

If the electricity consumption does not exceed 8 kWh per day, then the price for the first tariff is set.1.73 lirafor kWh, and all excess volumes are calculated based on2.6 liraFor example, when consuming300 kWhThe apartment owner will pay approximately per month.600 lira (€20).

Increase in electricity expenses

Nevertheless, the active use of household appliances, particularly air conditioners, can lead to a significant increase in electricity bills. For example, the owner of a one-bedroom apartment with a constantly running air conditioner may leave around€50-60per month, and having multiple air conditioners will undoubtedly increase expenses.

Energy consumption optimization

The optimal solution is reasonable energy consumption.

• Many residents install energy-saving devices.
• they are switching to gas stoves,
• They use solar panels, trying to take advantage of more favorable rates that are in effect during the night.

Calculation and payment of electricity

The calculation of electricity costs is based on data from installed meters. The country has three tariff plans that vary depending on the time of day. To check the current electricity prices, simply visit the website of the state energy company.

There are many convenient ways to pay bills:

• This can be done at the city administration.
• to use online banking services,
• ATMs or post office branches.

This makes the process easier for property owners.

Power outage

In the event that the electricity payment debt is not settled, there is a possibility of disconnection. To restore the power supply, it is necessary to fully pay off the debts, including all accrued penalties.

Water supply prices

It is interesting to note that the price of water in Turkey is significantly lower than that of electricity. Typically, the rate for a cubic meter of water ranges from €0.6 to €1.7, and this cost can vary depending on the volume of the resource consumed. It should be taken into account that the country lacks centralized hot water supply, and locals most often use boilers or solar collectors to heat water, which allows them to save significantly on electricity.

Water supply expenses

On average, a family of three spends about €15 to €20 per month on water supply. It's also important to remember that when the property owner changes, a new contract for electricity and water supply needs to be signed.

Connection and design

• The connection for new houses will cost around €150.
• For secondary housing, this amount is almost half as much.
• To arrange the connection, it is necessary to provide the original and a copy of the owner's foreign passport.
• Documents confirming ownership (title deed) or a rental agreement are required.
• Documents proving insurance against possible earthquakes will be required.

Water supply in Alanya

Speaking of water supply, in Alanya, you can see water tanks located on the roofs of buildings. However, gas equipment is not installed everywhere in Turkey; many residents prefer to use gas cylinders, the price of which ranges from €15 to €30.

Usually, one cylinder lasts for about three to four months for a family of three.

Heating in Turkey

Central heating is not common in Turkey. For example, along the Antalya coast, it is only available in Antalya itself, and even there, not in all neighborhoods. In large residential complexes, there may be boiler rooms serving several houses at once.

• Most people install boilers that run on electricity, gas, or liquid fuel by themselves.
• In old Soviet-style houses, stoves known as "burzhuykas" are used.
• In the southern resorts, thanks to the warm climate, there are enough air conditioners for winter heating.

However, it is worth considering that this heating method increases electricity bills.

Infrastructure and communication

As for connectivity, both mobile and fixed internet are actively developing in Antalya. In several major cities, a 4G network is already operational. The largest operators, such as Turkcell, Turktelekom, and Vodafone, offer similar rates: for a SIM card with 200 minutes of calls and 20 GB of internet, you can expect to pay around €30 per month.

Additionally, it is worth noting that Turkish SIM cards can function in unregistered phones in the country for three months, after which the device will be blocked.

Mobile phone registration

To continue using your phone service, you need to register your phone with the local customs office by paying a fee. Since July 2023, the tax for registering a mobile phone in Turkey is 20,000 lira, which is equivalent to almost €670.

Internet and television

You can also connect the internet to the apartment with a television package using technologies like ADSL or fiber optics, provided the building is already connected to the networks. The most optimal solution would be to arrange for this service along with television, which will significantly save on costs and provide broader access to entertainment programs.

General information about service expenses

The total expenses for the specified services range from 15 to 30 euros per month. It should be emphasized that agreements with telecom operators usually last from one to two years, and early termination of such agreements may incur penalties.

Property insurance in Turkey

If you own property in Turkey, having earthquake insurance becomes a mandatory requirement. Its price ranges from 15 to 150 euros annually, depending on the characteristics of the property and the terms of the insurance. Starting in 2024, a new type of insurance will replace the mandatory earthquake insurance — disaster insurance (ZAS). This innovation is designed to compensate not only for damage from earthquakes but also for damage caused to movable property inside buildings.

At the same time, the cost of insurance coverage per square meter will increase from 3,016 to 6,000 lira, and it is expected that payments will rise monthly taking inflation into account.

Experience of real estate buyers

It is also useful to learn from the experiences of people who have purchased real estate in Turkey. Furthermore, it is beneficial to analyze current trends and data about the foreignreal estate market. For example, let's consider an apartment in Alanya, located in a residential complex with amenities such as:

• swimming pool
• sauna
• gym
• playground

This apartment has one bedroom and a living room with a total area of 55 square meters. The price of this property is 98,000 euros, and it is located just a four-minute walk from the sea.

Taxes and utility expenses

Every year, owners of such properties are required to pay a tax, which can amount to around 196 euros. Additionally, the garbage collection fee will average about 20 euros. It is also important to mention the so-called aidat — these are contributions for the maintenance of the area, which include:

• plant care
• pool cleaning
• security services

The estimated amount of the community fee is approximately 400 euros per year. Water supply expenses are around 180 euros per year, which is equivalent to 15 euros per month. The cost of gas cylinders can reach 120 euros per year (30 euros for each of the four cylinders), and electricity costs can average 840 euros per year, which is 70 euros per month. The total expenses for internet and television will be about 360 euros per year (30 euros per month). Additionally, one should consider the costs for earthquake insurance, which is around 60 euros per year, leading to total annual expenses of 2,176 euros.

Real estate rentals

Speaking about real estate rental in Turkey, it is important to note that after the introduction of the income tax on long-term rental earnings, property owners can expect a return of 5% to 7% each year. In rare cases, this percentage can reach up to 10%.

The legislation provides that private individuals can enter into long-term lease contracts, but there are several mandatory conditions:

• the presence of a notarized lease agreement
• mandatory registration of residents with the civil registry authorities

If the tenant is a foreigner, it will be necessary to provide their personal identification number for registration, which is issued to those who have legally resided in the country for more than six months and have a temporary residence permit (TRP).

Short-term rentals can provide significantly higher returns, exceeding 10%.

General information about rental prices

In the warm season in Alanya, the rental price for a one-bedroom apartment in a quality residential complex ranges from 350 to 700 euros per week. This price range depends not only on the condition of the property itself but also on the time of year and the booking conditions.

In the case of long-term rentals — which means a period of one year or more — such 1+1 format apartments can bring landlords an amount ranging from 550 to 780 euros per month.

Changes in legislation

It should be noted that as of January 22, 2017, new laws came into effect in Turkey, allowing short-term rental of apartments only for registered legal entities that have the appropriate license and comply with certain requirements. In 2023, the Turkish government tightened the rules regarding rentals for tourists, which affected the operation of platforms like Airbnb.

New rental rules

Recently, changes regarding real estate rentals were implemented in the country, affecting many aspects. It's important for landlords to understand what is allowed and what is prohibited. There’s no need to panic about these changes — they are a natural market response to new conditions. Experts in the Turkish real estate sector are confident that, considering the new rules and regulations, it is still possible to successfully rent out properties.

Financial aspects of taxation

It is also necessary to consider the financial aspect: the income tax on rental income in Turkey operates on a multi-tiered scale. Typically, the tax rates are distributed as follows:

• up to 70,000 lira — 15%
• from 70,000 to 150,000 lira — 20%
• from 150,000 to 370,000 lira — 27%
• from 370,000 to 1,900,000 lira — 35%
• over 1,900,000 lira — 40%

This aspect is important for all property owners.

Services of management companies

Management companies that deal with rental housing typically work in partnership with real estate agencies. They offer a wide range of services, including:

• cleaning
• service maintenance
• search for tenants

There are also construction companies that create their own rentals, offering guaranteed terms for several years. This allows landlords to receive a fixed profit, regardless of the actual duration of the rental.

The real estate market in Turkey

If you are planning to invest in real estate in Turkey or already own a property, it is important to carefully study the market and living conditions in the country.

Interest in Turkey

Today, there is significant interest in life and employment in Turkey. More and more people are seeking information about job opportunities, convenient places to live, and salary levels. Let's take a closer look at these issues.

Job search in Turkey

Job searching in Turkey is one of the important topics. There is a rich labor market here that offers many opportunities for foreigners. A key point for successful employment is knowing where to find current job openings, as well as effectively presenting your skills to potential employers.

In recent years, the number of companies willing to hire specialists from other countries has significantly increased. This opens up new career opportunities. The use of various online platforms simplifies the job search process and helps create a professional resume.

Life in Turkey

In large cities like Istanbul and Antalya, everyday life is bustling, and there is always something to do. However, it is important to consider that the cost of living and quality of life can vary depending on the city or region. For example, in coastal cities located along the Mediterranean Sea, housing costs may be higher, but at the same time, the quality of life often turns out to be at a higher level.

Real estate market

When talking about the real estate market, it is important to highlight the active construction that has been observed in recent years. For example, in Istanbul, one can purchase a villa with an area of 360 square meters for €829,440. Anyone interested can find a suitable option based on their financial capabilities and personal preferences.

Additionally, payment is available in both local currency and cryptocurrency, which is becoming increasingly common.

Commercial real estate in Alanya

In addition to this, it is worth paying attention to commercial real estate in Alanya, with prices starting from €192,500 for 50 square meters. The Mayalanya Group, operating since 2005, has established itself as a reliable developer and offers a variety of options for both living and doing business.

Investment opportunities

For those considering investment opportunities, there are many attractive offers available. For example, two-bedroom apartments in Alanya can start from €139,900. They are perfect for both personal vacations and rental purposes, especially among tourists. Such apartments are typically located in residential complexes with developed infrastructure, playgrounds, and proximity to the sea.

Specific suggestions

In the context of specific options in the real estate market, it is worth noting:

• A two-bedroom apartment with an area of 90 square meters on the first floor, which will be an excellent choice for family vacations.
• A more spacious three-room apartment in a new residential complex is available for €107,000, fully furnished and equipped with all necessary appliances.

One cannot help but mention the stunning sea views that open up from the windows of such an apartment.

Market trends

The overall picture of the Turkish labor market and real estate indicates a growing popularity among both locals and foreign investors. Every season, the country warmly welcomes new visitors, so why not explore the opportunities it offers?

Whether it's questions about employment or buying a home, you can always find an answer; you just need to ask the right questions. For more detailed information, it's worth reaching out to local real estate agencies or specialized companies that can help you navigate the current market offerings.

This is a delightful destination where you will be greeted by welcoming beaches with white sand, crystal-clear waters, and mesmerizing landscapes, offering you unique opportunities for relaxation that can capture moments to remember for a lifetime. While staying at such a famous resort, you should pay attention to the residential complex that provides a variety of housing options for purchase.

Furnished apartments in Alanya

For example, in Alanya, there is a luxurious selection of furnished apartments, perfectly suited for those who wish to enjoy comfort and a stylish lifestyle. The area of these apartments reaches 55 square meters, and they are located in a prestigious residential complex that was completed in 2021. This elite complex is situated in the Mahmutlar district, just 600 meters from the coast, making it an excellent place for both vacationing and permanent living.

The infrastructure of the complex is truly impressive and includes:

• open and closed swimming pools
• spa center
• relaxation zone

Here you can enjoy a jacuzzi and massage treatments, which will make your vacation even more pleasant and relaxing.

Two-bedroom apartment in the center of Alanya

For those looking for more spacious accommodation, a two-bedroom apartment in the center of Alanya is a great option, located in close proximity to the famous Cleopatra Beach. This apartment has an area of 90 square meters and is offered fully furnished, saving you from the need for additional expenses on furnishing.

With a stunning view of the sea, this property is just a few minutes' walk from one of the most popular beaches in Turkey, and it also offers opportunities for obtaining residency upon purchase. The infrastructure provides all the necessary amenities for a comfortable life, including:

• The large Migros shopping center is just 200 meters away.

Investment proposals from Tekinoğlu Grup

The Tekinoğlu Grup project in the Altyntaş area of Antalya also offers interesting investment opportunities. The project, covering an area of 64 square meters, features two-bedroom apartments and attractive investment conditions at a price of €139,000. This well-designed complex is located just 3 kilometers from the sea and 4.5 kilometers from the airport, providing excellent conditions for investing your funds.High construction qualityIt creates confidence that such apartments will be able to generate stable income in the future.

New project in the Dimirtaş area

In addition, we are pleased to introduce a new project from Tekinoğlu Grup, located in the Alanya area, called Dimirtaş, where construction will begin in May 2024 and be completed in May 2026. Just 300 meters from the sea, the apartments offer a mesmerizing view of the water from the ground floors. These apartments are also available for purchase with the option to obtain a residence permit.

The payment terms include a 30% down payment, making the purchasing process convenient and accessible.

Key advantages of all offers

Each property includes a variety of amenities and is located in the heart of the most sought-after areas, where there are numerous supermarkets, leisure spots, and other essential services for comfortable living. With such vital aspects as a good location and the availability of necessary services, your investments will not only bring you joy but will also prove to be financially rewarding.

Residential complex Tekinoğlu Altıntaş in Antalya

We are pleased to present to you the new residential complex Tekinoğlu Altıntaş, located in Antalya, Turkey. Construction began in February 2023, and the project is scheduled to be completed in December 2024.

This unique project offers sixty comfortable apartments that can be an excellent choice for investment.Turkish citizenshipfor design purposesresidence permit.

In addition, potential buyers have the opportunity to take advantage ofinterest-free installment planfor eighteen months. The cost of one apartment in this complex is 191,000 euros, and the total area of the housing is 56 square meters, including:

• two bedrooms,
• the bathroom,
• kitchen area.

Apartments in Alanya from Tekinoğlu Grup

Another enticing offer from Tekinoğlu Grup is the apartments in Alanya, Turkey. The price for these apartments is 250,000 euros, with a total area of 72 square meters, and they include:

• two bedrooms,
• bathroom,
• full kitchen.

These apartments are located in the fifth star of the Algora hotel and offer the opportunity to obtain citizenship through investment. Construction was completed in 2019, and the area of the land on which the complex is situated is 6,143 square meters. The complex includes:

• 166 residential units,
• 39 commercial premises,
• located on four floors.

Apartments in Alanya for 142,000 euros

There are also apartments available in Alanya for 142,000 euros as part of one of the city's major residential projects. The area of these apartments is 72 square meters and includes:

• two bedrooms,
• the bathroom,
• kitchen.

A distinctive feature of this residence is its favorable location amidst picturesque nature with fruit orchards just 300 meters from the Mediterranean coast. This complex is perfect for both permanent living and enjoyable vacations with friends and family.

Villa from Altop Real Estate

For those who desire a bit more space in life, Altop Real Estate offers a villa in Alanya for 235,000 euros. This villa is located in the central part of the city within a complex of fourteen villas, just 1.5 kilometers from the beach.

The area of the villa is 260 square meters and includes:

• four bedrooms,
• a spacious living room with a modern kitchen corner,
• the terrace and the fireplace,
• three bathrooms,
• two balconies.

The complex is situated with an open view of the mountains and features a large garden, which makes it even more appealing.

Apartments from Irlanya Homes

Irlanya Homes is also pleased to offer its services. In their portfolio, you can find apartments in Payallar, located in Alanya, priced at €49,500. The total area of these apartments is 39 square meters, making them an excellent option for obtaining residency through purchase.

All the apartments are part of a project similar to a hotel and offer a wide range of amenities, as well as options for online viewings. Payallar, as an actively developing suburb of Alanya, is an excellent place for investment.

Furnished villa from Tekce

Finally, the Tekce company portfolio includes a furnished villa in Alanya. The price of this property is 597,000 euros, and the villa covers an area of 175 square meters.

This villa has five rooms, including:

• four bedrooms,
• six bathrooms.

It also offers the opportunity to obtain citizenship. The cozy two-story villa is located on a plot of 750 square meters and offers a stunning panoramic view of the sea. This property is ideal for both permanent residence and future rental, making it even more attractive to buyers.

Description of the villa

The villa features a unique 4+1 layout, which includes four separate bedrooms and a guest room with a kitchen designed in a modern open style. The total area of this property is 175 square meters. The outdoor area includes a private pool, a barbecue area, and many other amenities.

Art Alanya Apartments

Art Alanya offers exceptional apartments in Antalya, Turkey, with an area of 70 m², consisting of two bedrooms and one bathroom. This project provides the opportunity to obtainresidence permit(Residence permit) upon purchase, as well as offering remote transactions and the option to make payments in Russian rubles. The elegant apartments feature functional layouts and are located in the prestigious Altintas area, in the Aksu district, where history intertwines with modern amenities and opportunities.

Aksu is renowned for its rich historical heritage, and Altintas has become one of the most popular places for living and investment in Antalya, making it an appealing choice for both residence and investment.

Hotel-type apartments in Mersin

Hotel-type apartments are also available in Mersin, Erdal, with a total area of 39 m², which include one bedroom and a bathroom. This rapidly developing city on the eastern coast of the Mediterranean Sea in Turkey stands out as one of the most promising locations for real estate investment.

In the coming years, it is expected:

• Opening of a new airport
• Allocation of 200,000 square meters of land for the further development of construction projects.

Villa in Bodrum

In addition, a villa in Bodrum is for sale, with an area of 105 m², featuring three bedrooms and two bathrooms. This villa also offers the possibility of obtaining a residence permit upon purchase.

It should be noted that the terms offered by realtors can vary significantly, and their fees do not have a fixed amount. Typically, their commission percentage ranges from 3 to 6% of the property's price, and these services remain free for buyers.

Taxes on the sale of real estate in Turkey

When talking about the costs of selling real estate in Turkey, two main types stand out:

• State tax on income received from sales
• Realtor's fee

As a rule, tax rates depend on the profit earned from capital gains after deducting expenses, and they range from 15% to 35% depending on the amount of income. The progressive tax system provides transparency and predictability for property owners.

Annual property taxes

In addition to sales taxes, it is important to remember about the annual property taxes that also apply to foreigners owning real estate. These payments are generally small and do not exceed 200 euros per year for most resort properties. Information about realtors and construction companies in Turkey can be found in public sources, which will help facilitate successful transactions with minimal risks.

Investment prospects

Considering all these aspects, the potential for real estate investment in Turkey remains high.

Conclusion

I understand that before purchasing real estate in Turkey, it is important to recognize not only the advantages but also the obligations that come with being a new owner. One of the key features is the transparent tax system, where foreigners face the same conditions as local residents. This means that annual property taxes are low, which sets Turkey apart from other European countries. For example, property taxes can range from €100 to €500 depending on the type and location of the property, which is significantly lower than in Spain or Italy, where costs can reach much higher amounts.

Utilities

I would also like to emphasize that understanding the structure of utility payments is no less important. Utility services in Turkey are also quite affordable in terms of cost. Property owners should be prepared for regular payment of the aidat, which is necessary for maintaining the condition of residential complexes, as well as for a few municipal fees. Understanding these financial aspects will not only help in better planning expenses but also provide confidence in favorable conditions for living and investing in real estate.

Working with management companies

Interaction with management companies and local authorities also determines the comfort of living. Thanks to the possibilities of online payments, the process becomes much simpler, making property management convenient and accessible.

Result

Ultimately, the decision to buyreal estate in Turkey is not just an investment in square meters, but also an opportunity to enjoy life in a country with low taxes and a reasonable cost of living. Now that I have thoroughly researched these issues, I can confidently recommend Turkey as one of the attractive destinations for purchasing your own home, which can become not only a cozy place to live but also a wise financial investment.