Only the real estate agent who puts you from the beginning in the corridor of the full truth regarding all the details of the real estate purchase process in Turkey, where he tells you all the additional expenses that are required for the purchase process as determined by Turkish laws, which makes you as a foreigner willing to own and aspires to double the financial wealth
As entering the world of real estate investment in Turkey is comfortable, far from any kind of fraud, manipulation or inability to pay costs, due to the direct investment process that you have been waiting for so long.
And because we are in Al Huda Real Estate company, work conscientiously with investors who have trusted us from the first phone call and extended their hands to us in order for the success of their real estate investments in Turkey, it was incumbent upon us as a team to put you in the picture regarding all the expenses that you as investors must pay during real estate purchase transactions, whether they are taxes and fees or additional costs arising from the extraction of documents.
The following are the most important expenses that accompany the purchase of a property in Turkey:
- Real estate appraisal expenses, which is an essential step for determining the property price in the market, and here the buyer is obligated to pay about 1,500 TL to the Real Estate Appraisal Department for a real estate appraisal client.
- Value-added tax or VAT that is paid to the Turkish state and is calculated from the total area of the property at the market value price at the time of buying the property and is paid according to the type of property as it is estimated at 18% in commercial properties, but in residential properties it is calculated according to the area of the property, which is usually 18% in the event The area of the property exceeded 150 square meters, and the smaller the area of the property, the lower the value of the tax, which ranges from 1% to 18% depending on the area, area, price, level of construction, its quality, and others.
- Land tax or title deed paid to the Real Estate Documentation Office during the subscription process and its price is determined based on the total value of the property.
- Transfer tax
- Fees for translating the passport into Turkish.
- Fee of sworn translator, which is usually used to translate documents and contracts during real estate purchase transactions.
- Certification fees for the notary public.
- Photo graphics.
- Power of Attorney fees if the property buyer chooses to adapt one of his relatives for him on his purchase.
- Commercial registration fee if the property is investment, not residential.
- The costs of the real estate developer, agent, or broker who has the right to receive commission from both parties of the purchase, provided that it is licensed and operates according to the provisions of Turkish law.
- The costs of a lawyer who accompanies all the legal procedures for the property purchase.
- Real estate tax or ImlakVergisi which is paid annually to the Turkish state that uses it to improve waterways and security and the other services that the region needs.
- Earthquake insurance, which is a mandatory document that is calculated in square meters, through which the investor guarantees compensation for all damages in the event of an earthquake, which entails several dangers, including fires, landslides, etc.
- The energy identity document is also mandatory, through which the efficiency of the building is secured in terms of the extent of energy consumption and the extent to which the conditions for protecting the environment from dangerous gas emissions are observed.
- Property insurance from fire, disasters and theft
- Subscription fees for electricity, gas, water and internet
- Revenue fees, which are usually in residential compounds that provide services such as swimming pools, playgrounds, elevators, etc.
In this way, you will know all the expenses that you encounter before, during and after the process of buying a property in Turkey without being exposed to any kind of play or fraud, and it should be noted that all the fees and costs mentioned above are symbolic and very low
Compared to global capitals and major cities with strong infrastructure such as the cities of Istanbul, Ankara, Antalya, Bursa and other Turkish provinces that have witnessed a great demand for property purchase by foreigners in recent years.
Thousands of people put Istanbul, the enchanting city in mind, whether for tourism, living or investing by buying property in Istanbul or buying an office or a commercial store and other types of properties, which turned Istanbul, the city that has opened its hands to foreigners in recent years, from a dream distant into reality,And it is easy thanks to a package of laws, the first of which is to abolish the principle of reciprocity for those who want to buy property in Turkey in 2012 and the most recent in 2018 by reducing the amount of how to obtain Turkish passport by owning a property to 250 thousand dollars instead of a million, which led to a high number of property purchase processes.And all the famous areas in it were filled with foreign investors who established their own life and system, and from here foreigners,so they began looking for distinctive places to settle in Istanbul that preserves the charm and vitality of the city, but at the same time it must enjoy an atmosphere of calm and comfort and isolation from noise,These qualities that combine the two extremes don’t exist except in the famous Kayasehir district where nature and modernity, transportation and green spaces, originality and contemporary and the largest botanical garden in Istanbul, parks, commercial centers and popular markets can be found.Kayasehir is one of the most promising real estate areas in Turkey, where an unprecedented urban renaissance was recently known to qualify it to be a new jewel in the Turkish construction sector.
All those who want to buy a property in Turkey are rushing and buying property in Istanbul within one of the many Kayasehir complexes.Kayasehir extends to the European side of Istanbul and is administratively affiliated to the municipality of Basaksehir, Istanbul's newest and most developed municipality in terms of infrastructure and transportation network and a presence of high end real estate projects.Why are you lucky when buying property in Istanbul in the Kayasehir region?Kayasehir brings together all the factors that make the investor who has a property in it lucky enough, given the rare advantages that the region has in it that cannot be found in other places, even if it has a similar form.Among the most important features of Kayasehir, we find:Unique geographical location: Before taking the step of placing money forbuying property in Istanbul, any investor has the right to rest assured that it will return to him with profit and interest, which is what we find completely in the Kayasehir region, which is located in Basaksehir, the best European municipalities near the new government square, Ataturk airport, which will turn into a major park and the new Istanbul Airport, is also a link between the third Istanbul Bridge and the medical complex of Başakşehir, one of the largest medical cities in Europe.Kayasehir is far from the vital Sazlidere Dam in addition to the surrounding forests by a distance of not more than 3 km.
The dam is part of the Istanbul Water Canal, which gives Kayasehir more importance in the geographical map of New Istanbul and in the offers for buying property in Istanbul.which witness a big rush by investors.Property prices in the Kayasehir area are increasing steadily day after day, as it is one of the most desirable areas for rent in Istanbul from both the Turkish and foreign sides.Kayasehir is near the famous Ataturk Olympic Stadium, and 8 minutes away from the TEM highway which is one of the most vital roads in Istanbul.Kayasehir is one of the quietest areas in Istanbul, away from the crowds, noise and hustle and bustle of city centers.Kayasehir area provides many shops, weekly markets, "bazaars", restaurants and cafes that play a prominent role in investing in buying property in Istanbul.The residential complexes in Kayasehir area provide permanent security guards in addition to surveillance cameras in all the surrounding areas.The region provides many schools, including all levels, in both local and international languages.The area has Kayasehir garden, which contains nearly 6 thousand species of flowers, recreational facilities, green spaces and bicycle spaces.Its proximity to the Başakşehir Botanical Garden, Istanbul's new lung.
Is there a chance to live and invest in the most beautiful and prestigious new Istanbul regions?
Yes there are in the wonderful real estate offers provided by Alhuda team to you for buying property in Istanbul in one of the best and most beautiful regions, Kayasehir
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