NAVIGATION SOCIAL MEDIA

Closing Costs

Closing Costs

  • There are different taxes amounts that Free Hold Title Deed Cost is 4% of the purchase price
  • VAT Tax is 18% of the purchase price (May be 1% if construction was registered before)
  • Stamp Duty Tax is 0,948 % of the purchase price
  • It can be found that Annual Property Tax is 0.1 of the property value and determined each year by the municipality
  • Closing Costs can be found total legal expenses during the process of buying an apartment in Istanbul
  • DASK Compulsory Earthquake Insurance changes according to size of the property and around 50 TL to 300 TL
  • Utility Subscriptions may vary and are around 1.500 TL to 1.750 TL
  • Notary Expenses may vary between 500 TL and 750 TL
  • Maintenance Fee may vary as well, usually between 2 TL to 5 TL per square meter per month