The actual cost of real estate is not heavily taxed in Turkey, however, there are costs associated with the transfer phase of the transaction. The Yearly Property Tax is the sole tax related to real estate that must be paid annually in Turkey. The annual property tax varies depending on many factors. You must provide the Turkish government with an extra yearly tax if you own property there. Turkey's...
Title Deed Procedure Changes for Foreigners Previously, foreigners who wanted to purchase property in Turkey had to obtain approval from military units in order to get their Title Deed (Tapu). However, a law passed on October 8, 2013, eliminated the need for approval for other apartments in the same building or parcel once one had been approved. Properties located on unapproved parcels, however, still...
