• Cost of living in Turkey for property owners
- - - - - - Click here to Search Properties by Details - - - - - - -
City, Region
Popular Area
  • Arnavutkoy
  • Atakoy
  • Atasehir
  • Avcilar
  • Bagcilar
  • Bahcelievler
  • Bahcesehir
  • Bakirkoy
  • Basaksehir
  • Basin Express
  • Bayrampasa
  • Belek
  • Beykoz
  • Beylikduzu
  • Beyoglu
  • Buyukada
  • Buyukcekmece
  • Cekmekoy
  • Dalaman
  • Didim
  • Dosemealti
  • Erdemli
  • Esenyurt
  • Eyup
  • Fatih
  • Florya
  • Gaziosmanpasa
  • Gunesli
  • Gungoren
  • Halkali
  • Kadikoy
  • Kagithane
  • Kartal
  • Kemer
  • Kepez
  • Konak
  • Konyaalti
  • Kucukcekmece
  • Kurtkoy
  • Lara
  • Levent
  • Maltepe
  • Maslak
  • Merter
  • Mezitli
  • Orhanghazi
  • Pendik
  • Sancaktepe
  • Sapanca Popular Area
  • Sariyeri
  • Şile
  • Silivri
  • Sisli
  • Sultanbeyli
  • Taksim
  • Tarabya
  • Tarsus
  • Tuzla
  • Umraniye
  • Uskudar
  • Yenibosna
  • Yenikoy
  • Zeytinburnu
Property Type
Price range
  • Turnkey with 12 months installments
  • Turnkey with 18 months installments
  • Turnkey with 24 months installments
  • Turnkey with 30 months installments
  • Turnkey with 36 months instalments
  • Turnkey with 60 months installments
  • Under Construction with 12 months instalments
  • Under Construction with 24 months instalments
  • Under Construction with 36 months installments
  • Under Construction with 60 months instalments
  • Flats Offices Mall A Mixed modern Project
  • Fully Furnished
  • Government guarantee for Completion
  • Pre-approved for receiving Turkish Citizenship
  • Price reduced
  • Private Property in a Hotel
  • Purchase Price Advantage - Off- plan Investment opportunity
  • Ready-to-Move Property by instalment plan with 0% interest rate
  • Rental Income Guarantee
  • Whitegoods Included
  • Bosphorus
  • City
  • Garden View
  • Lake
  • Nature and Green
  • Pool View
  • Sea
  • Street
  • Airport New Istanbul
  • Airport Sabiha
  • Bus Stop
  • Highway
  • International Airport
  • Metro Underground
  • Metrobus
  • Amusement Center
  • Cafes and Restaurants
  • City Centre / Local Centre
  • Green Public Park
  • Hospital
  • Market and Groceries
  • Mosque
  • Seaside
  • Shopping Mall
  • University
  • Aircondition Units
  • Balcony
  • Bathroom- fully equipped
  • Built-in Kitchen
  • Built-in Set of Cooking Plate, Oven and Aspirator
  • Central Heating
  • Floors Ceramic Tiles and wooden Laminate
  • Floors Granite and Marble
  • Kitchen- As Separate Room
  • Kitchen- Open American
  • Master Bedroom with Bathroom
  • Oven and Aspirator
  • Smart Home System - Central Control and Communication
  • Terrace
  • 7/24 Gated Security
  • Care taker
  • Garage - Open Parking
  • Garage -Indoor Parking
  • Garden- Private
  • In a complex
  • Swimmingpool- Indoor&Heated
  • Swimmingpool- Outdoor
  • Swimmingpool- Private
What We Do ?
  • Real Estate Consulting
  • Real Estate Consulting
  • Maximos Real Estate gives you a certified professional consulting about property and Investment, and guarantee on a successful purchase...
  • read more
  • Free Inspection Tour
  • Free Inspection Tour
  • We are pleased to drive you and introduce you properties, region, and lifestyle of interest, without obligation and free of charge...
  • read more
  • Entire Buying Process
  • Entire Buying Process
  • We accompany you at each step of the entire buying process, including negotiation, creating a buying contract, official paperworks..
  • read more
  • Residency & Citizenship
  • Residency & Citizenship
  • We complete Turkish Citizenship by Property Investment and Permanet Residency Permission proceedings superfast.
  • read more

Cost of living in Turkey for property owners

Cost of living in Turkey for property owners

As a property owner, the cost of living in Turkey in the long term can be lower or higher depending on your bills. However, in Turkey, it is cheaper for a property owner to pay for utilities and taxation. In addition, foreign homeowners can easily become citizens of Turkey. If you are looking to become a homeowner in Turkey, you have to know the long-term cost of living in the country. This is significantly different when you are renting an apartment for a short term.

The Cost of living in Turkey for property owners

In Turkey, all homeowners usually have lower bills to pay. This includes property taxes and usual expenditures on transportation, food, entertainment, and so on. The difference between the cost of living among regular people and property owners is the property fees and taxes. Otherwise, everybody has the same bills to pay for consumer goods and public services.

Cost of living in Turkey for property owners

Homeowners in Turkey and their tax responsibilities

In Turkey, as a homeowner, you must pay all fees and taxes based on the type of property you have. These taxes and fees are the same for every homeowner whether you are a Turkish citizen or not. People who do not own any property in the country are exempted from paying taxes and feed. The following are the property taxes in Turkey:


These include houses and apartments. You are to pay a total tax amount of 0.1% for properties in provincial areas and 0.2% for properties in big cities.
Commercial facilities: These include shops, warehouses, and offices. It comes with a 0.2% tax for properties in the provinces and an 0.4% tax for properties in bigger cities.


Land without any building permits

This comes with a 0.1% property tax for buildings in the provinces and a property tax of 0.4% for buildings in big cities.
A plot of land with an issued construction permit: This comes with a property tax of 0.3% for those in the provinces and a tax of 0.6% for property in big cities. 

Additional luxury taxes in Turkey

As a property owner in Turkey, you are expected to pay an additional luxury tax if your property falls within a certain bracket. This is defined below:
If you have a total real estate portfolio worth between 5,250,000 and 7,870,000 Turkish Liras, you will need to pay a tax rate of 0.3%. For those whose residential properties fall between 7,870,000 and 10,500,000, they will need to pay a total tax of 0.6%. If you have a residential real estate property that has a value of about 10,500,000 Turkish Liras (1,039, 523 Euros), you will need to pay a tax of 22,500 Turkish Lira, which is a fixed amount. There is also another fee of 1% of the value for any property that is worth above the tax threshold.

Lara Beach

Utilities for homeowners in Turkey

As a homeowner in Turkey, payment for utilities will affect the total cost of living. These include:
Aidat (real estate maintenance payment): This is between 10 and 100 Euros per month.
Electricity: Electricity bills can be estimated as thus – the owner of a 1-bedroom apartment can pay about 60 Euros a month. Others with more rooms will pay higher.
Water: You can expect to pay about 4.75 Turkish Liras for 1 cubic meter of cold water. Also, it can cost between 3 and 5 Euros per month for one person. For a family of 3 people, the monthly fee is about 20 Euros.
Gas Supply: The fee for a single gas cylinder supply is between 15 and 30 Euros.
Heating: There are also heating charges, which are usually required during the winter season.
Communication services: The charge for this service can be between 15 and 30 Euros per month
Insurance: This includes DASK, which is known as an earthquake insurance policy. It costs between 15 and 150 Euros every year.


MAXIMOS REAL ESTATE TURKEY 2024 ©. A Turkish German entity.