Property Maintenance Costs in Turkey
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.
Commercial real estate in Turkey in large tourist centers will cost its owners more expensive – at 0.4% of the cost. If the store, coffee shop or office is located in the province, the tax will be less, only 0.2%.
Russians practically do not buy land in Turkey, the exception is those who found themselves in the construction business. The tax on land ownership without a building permit is the same as for residential real estate. If permission is obtained, then you will have to pay more – from 0.3% to 0.6%.
The so-called “garbage collection” must be added to the amount of tax payments. This is a fee to the municipality for garbage collection from the surrounding territories. It is usually small – from 10 euros.
Utilities in Turkey are paid according to meter readings. You are unlikely to find housing where these metering devices are not installed. However, there is an expense that does not depend on your use of the apartment. It is called aydat and is a contribution to the maintenance of a residential complex.
Each house, and even more so a residential complex, is an object with its own infrastructure. It includes elevators, video surveillance cameras, swimming pools, hammams, parking, both open, underground, lawns and gardens in the house area. All this needs maintenance and care. Aidat is a payment to the concierge, gardener, security guards and mechanics for maintaining the order of the whole economy. In addition, the same amount includes the cost of depreciation of equipment and devices.
The size of the eidat depends on the number of services provided, the level of infrastructure development, the location of housing and can range from several tens of euros to several hundred. The more apartments or villas in the complex, the lower the price, since the total costs are shared between all owners. This question needs to be clarified before buying a property, because the eidat is a constant expense, it will not work to reduce it or to avoid payment.
Electricity prices in Turkey are lower than in most European countries. However, even in this case, they will amount to about 50 euros. The local climate involves the use of air conditioners in the summer and electric heaters in the winter, so that local residents try to save electricity as much as possible. The country has different tariffs, the lowest are nightly. The size of your fee will depend on how much electricity you use, what time of day, and also on where your apartment or villa is located.
If there are debts in Turkey, the power supply is switched off quickly enough and again they begin to supply electricity only after the full payment of both the debt and the imposed fines.
The cost of water supplied for domestic needs in Turkey is low. A cubic meter costs from half to one and a half euros, payment is made strictly on the meter. There is no housing with hot water in Turkey; homeowners decide this question on their own, most often with the help of water heaters, which contributes to the increase in electricity costs. Most of the time in the year, the water is heated for free with the help of solar panels that are installed on the roofs. Gas water heaters are practically not used here, since even gas stoves work from cylinders.
Central heating is available in only a few areas of Antalya. Most often, houses are heated using a common house boiler or boiler house in a residential complex. The tenants themselves install and maintain them. In the old city districts, such boiler rooms can be far from always installed; houses are heated by stove stoves. When buying a home, be sure to pay attention to this issue, especially if you do not want smoke coming from the stoves in your windows.
Earthquake insurance, the size of which depends on the type of housing and insurance coverage, complements the mandatory costs of maintaining real estate. It is impossible to refuse insurance – without it you cannot connect water and electricity.