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