Property taxes in Turkey: rates, features, expenses

Additional expenses related to property registration include the re-registration of meters to the new owner. Also, all property owners are required to have state earthquake insurance. Before purchasing property in Turkey, it is important to consider all tax obligations and additional payments to avoid unpleasant surprises.

The mysterious and multifaceted Turkey has long occupied one of the top spots on the list of preferred countries for purchasing real estate and vacationing. Its mild climate, rich historical heritage, centuries-old traditions, and hospitality reasonably attract thousands of people to its shores every year. In addition to the country's appeal, Turkey also offers attractive tax conditions for real estate buyers. Optimal tax rates on property acquisition, rental, and sales, as well as the absence of VAT for foreign citizens on their first property—all these factors make Turkey appealing to investors. However, purchasing real estate is a serious step that requires good preparation and a professional approach. It is important to consult a professional realtor to avoid mistakes and save time and money when making a deal. Turkey will never cease to be one of the most attractive countries for investment and leisure. By choosing real estate in this country, you gain the opportunity for year-round relaxation in a warm climate, the gratitude of the local residents for your choice, and a fresh perspective on life and culture.