۩ Guide: Turkish Purchase Costs
We have already posted an article on Turkish property taxes so here we will cover all the costs associated with buying a Turkish property. Please remember that some of these costs will vary depending on your choices (e.g. legal representation) and some again due to the area you purchase in, so these figures are intended as a guide. You should carefully calculate these costs and add them to the basic purchase price (and any ongoing costs and taxes) to reach an accurate figure for the total cost of your Turkish home and check the latest exchange rates. Don't be sidetracked by the developers headline figures - be savvy!1. Search fees: up to €1150.00 (£800.00), although this can be much less
2. If you are at the signing of the title deeds (tapu) and do not speak fluent Turkish, you must use a certified translator: up to €115.00 (£80.00)
3. If you are buying a resale property (not new build) and you buy through an agent, the agent will charge: 6% of the purchase price (3% each from buyer and seller). This is not variable (as in the UK) but it can be worth trying to negotiate.
4. Solicitors/legal fees: ca 1% of purchase cost + €215.00 (£150.00) for a power of attorney to sign the title deeds on your behalf. In addition, the Turkish Notary, who must witness the deed signing process and the power of attorney, must be paid €90.00 (£60.00)
5. For UK buyers, the power of attorney must be certified by the UK Foreign and Commonwealth Office (FCO) and this currently costs £19.00 + £5.00 for return postage. You can go to the public counter in person for immediate validations. Visit the FCO link for more information
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