Unlike in the UK, where solicitors are used to conduct conveyancing for property purchases, it is standard practice in Turkey for this work to be carried out by a Licensed Estate Agency. Matters are legalised by a government official known as a Noter (UK equivalent Notary Public). For non-Turkish citizens an official translator is compulsory. Currently the fee for this service is approximately 250 pounds.
Our agency commission is calculated as at 3% of the purchase price and included in this; we will do all the paper work, searches and necessary applications to have the Deed transferred to the new owner.
When completing a property purchase, a purchase tax and thereafter an annual property tax is payable to the Turkish Government. This figure is calculated as 4% of the value of the property as written on the DEED (TAPU). Therefore, each different property attracts its own individual fee. The purchase tax is currently 4 % of the purchase price and is a ‘one off’ payment. Annual council tax is 0.01% of the purchase price eg: on a £50,000 property, annually £50 is payable in council tax.