Property for investment

Living here amongst the unspoilt countryside is perfect for families seeking a holiday home with amazing views of the Taurus mountains, coastal vistas.

Foreigners who come to Turkey, especially the Mediterranean Region, choose as their holiday destination and an opportunity to invest in real estate. Tourists find this area of Turkey appealing mainly because of the sunny weather, warm climate, beautiful sea, and lush greenery. It has become a very popular destination for foreigners to buy a property in Alanya with its well known Cleopatra beach, Alanya Castle, and Dim river. 

Many people who are looking for a place in a more quiet and historical tend to look at the city of Side. Side is popular investment option in Turkey Foreigners who come to Turkey, especially the Mediterranean Region, choose as their holiday destination and an opportunity to invest in real estate. 


Tourists find this area of Turkey appealing mainly because of the sunny weather, warm climate, beautiful sea, and lush greenery. It has become a very popular destination for foreigners to buy a property in Alanya with its well known Cleopatra beach, Alanya Castle, and Dim river. Many people who are looking for a place in a more quiet and historical tend to look at the city of Side. Side is popular for its ancient ruins and a perfect place for holiday homes for sale in Turkey. 


It has become a very popular destination for foreigners to buy a property in Alanya with its well known Cleopatra beach, Alanya Castle, and Dim river. 

Many people who are looking for a place in a more quiet and historical tend to look at the city of Foreigners who come to Turkey, especially the Mediterranean Region, choose as their holiday destination and an opportunity to invest in real estate. Tourists find this area of Turkey appealing mainly because of the sunny weather, warm climate, beautiful sea, and lush greenery. It has become a very popular destination for foreigners to buy a property in Alanya with its well known Cleopatra beach, Alanya Castle, and Dim river. 

Many people who are looking for a place in a more quiet and historical tend to look at the city of Side. Side is popular investment option in Turkey Foreigners who come to Turkey, especially the Mediterranean Region, choose as their holiday destination and an opportunity to invest in real estate. 


Tourists find this area of Turkey appealing mainly because of the sunny weather, warm climate, beautiful sea, and lush greenery. It has become a very popular destination for foreigners to buy a property in Alanya with its well known Cleopatra beach, Alanya Castle, and Dim river. Many people who are looking for a place in a more quiet and historical tend to look at the city of Side. Side is popular for its ancient ruins and a perfect place for holiday homes for sale in Turkey. 


It has become a very popular destination for foreigners to buy a property in Alanya with its well known Cleopatra beach, Alanya Castle, and Dim river. 

Many people who are looking for a place in a more quiet and historical tend to look at the city of

Expenses of Buying

buying-guide-1

You’ve decided you want to buy a property in Turkey and now you are wondering how much extra you will need to budget for, over and above the asking price? 

Firstly, let us reassure you that these one-off costs are much lower here in Turkey than in many other European countries. So, buying a property for a holiday home, investment opportunity, retirement home or for a life in the sun means that you get to keep more of your hard-earned money in your pocket. 

Here is a list of some of the expenses that you will incur whilst purchasing your property. These figures are correct for 2021 and may be subject to local changes: 

The Power of Attorney

Giving Power of Attorney at Notary Public costs

approximately 100 Euro (including Sworn Interpreter).

Conveyance Tax

4% of the Turkey property value stated in the TAPU Office.

This is paid at one of the State Banks at the time of conveyance (the amount stated in the TAPU Office is lower than the real property value and approximately between 2000-5000 Euro depending on the land/apartment size/villa etc).

Iskan

Obtaining the Completion Report named Iskan (for new built properties only): starts from around 130 Euro, depending on the size and the location. For example a 50m2 apartments iskan would be around 130 euros.

All buildings and apartments need Iskan to apply for water and electricity subscription.

Other Charges

Electricity Subscription New connection of electricity meter: approximately 100 Euro (paid only once).

Name transfer of an existing connection: approximately 30 Euro (paid only once).

Water Subscription New connection of water meter: approximately 60 Euro.

Name transfer of an existing connection: approximately 30 Euro.

Telephone Subscription Land Line Telephone: you can only get a land line telephone registered if you have residence permit in Turkey.

Annual Expenses of Owning a Property in Turkey

Property tax in Turkey (Emlak Vergisi) App. 0,02% of the property value declared by the local municipality (to be paid before the end of May each year). In most cases, annual property tax of a 2 bedroom apartment in Alanya region is app. 100 Euro.

Electricity Energy cost per kwh: app. 0,131 Euro (July 2015, including VAT and diverse taxes).

Water Water cost per m3: app. 0,88 Euro (including VAT and diverse taxes).

Telephone Cost per unit: app. 0,039 Euro, standard tariff.

Monthly rental: app. 7,20 Euro, standard tariff.

Unit period (province): 60 seconds.

Telephone tariffs include VAT (18%), exclude SCT (15%).

Property Insurance and DASK  Natural Disaster Insurance (DASK) is compulsory in Turkey and is calculated on a square meter basis. Because this insurance is obligatory, you will not be able to get electricity or water to your property without proof of this document. This fee varies but can be between 15 and 30 euros depending on the cover you request and the size of your property.

It is also advisable to take Property Insurance to cover you for fire, flood, home insurance and boiler insurance. Again these figures vary depending on the size of your property and exactly what you want covered. They start from around 90 euros for a one bedroom apartment right up to around 220 euros for a large villa.

Zihov Offices

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Oba, Alanya

+90 538 888 16 16

info@zihov.com

ISTANBUL OFFICE

+90 538 888 16 16

info@zihov.com

Alanya Center

+90 538 888 16 16

info@zihov.com

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