The purchase of a house or apartment always entails expenses for its maintenance. Real estate in Turkey is no exception. Russian citizens who are happy to buy housing in this warm country do not always think about how much it will cost them a new property after purchase.
It should be noted that maintaining Turkish real estate is somewhat cheaper than, for example, Spanish. Real estate tax in Turkey is lower, the cost of utilities is less. However, to completely avoid the costs will not work. Foreign citizens who have bought a home in Turkey pay the same taxes and fees as the locals.
This type of fees depends on the type of real estate – whether it is residential or commercial, it is a house or apartment, an economy class or a luxury segment. In general, the tax amount on an apartment, villa, house or apartment ranges from 0.1% to 0.2% of its value. The minimum amount is paid by residents of small cities and towns, and those who live in large urban centers – shell out to the maximum. However, the cadastral value of housing is often much lower than the real one, and therefore the tax is not large. Continue reading