How Much Does It Cost to Buy a House in Turkey in 2025?
So, you’re dreaming of owning a home in Turkey? Picture yourself sipping Turkish tea on your balcony, with stunning views of the Mediterranean or the vibrant streets of Istanbul just outside your door. But before you pack your bags, let’s get real about the costs involved. Buying a house in Turkey is an exciting prospect, and this guide by AZPO Estate will walk you through everything you need to know about budgeting for your dream home in 2025.
The average cost of residential real estate in Turkey is approximately $777 per square meter. However, keep in mind that housing prices can differ significantly based on location. For instance, larger cities or homes along the Aegean coast tend to be pricier. In such desirable areas, the cost per square meter can range from $300 to $2,500, depending on the type of property and its exact location.
When considering what is the average house price in Turkey, remember that location is key. For example, a penthouse in Istanbul with a Bosphorus view could cost around €3 million, while an apartment near the Hagia Sophia Mosque might be priced at €1.2 million. On the other hand, you could find a sea-view apartment in Alanya for about €500,000.
Read More : Where to Buy Property in Turkey?
Now, let’s break down the costs you’ll encounter when buying a house in Turkey:
Property Value | As mentioned earlier, the average cost is $777 per square meter, but this can fluctuate. |
Associated Costs | Budget an additional 5-8% of the property value to cover associated costs. |
Purchasing Tax (Title Deed Fee) | Expect to pay 4% of the property price for the title deed fee (“Tapu” in Turkish). It’s common for this to be split evenly between the buyer and seller, but agreements can vary. |
Value Added Tax (VAT) | Foreign buyers are often exempt from VAT when purchasing from developers. However, exemptions have specific conditions:
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Stamp Duty | This is another cost to consider, though the exact amount can vary |
Lawyer’s Fee | Discussed on a case-by-case basis depending on family members and age. |
Real estate valuation | around $110 |
State duty at the cadastral office | $40-70 |
A fee for issuing a resident permit | $25 per year |
Citizenship fee | $15 |
VAT refund service | $1100-1200 |
Document translations | $50-60 per document |
Property insurance | $25-30 |
It’s essential to get a clear picture of all potential expenses. For knowing exact prices and how AZPO Estate can assist you in navigating these costs, contact our team today!
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If you’re looking for the most budget-friendly options, it’s important to consider which city in Turkey has cheapest property. While costs fluctuate, some cities generally offer more affordable real estate. Keep in mind that while the city might have cheaper property overall, the specific location and type of property will still impact the price.
To give you a clearer idea of how much does housing cost in Turkey, let’s compare average prices in some major cities:
As you can see, Istanbul tends to be the most expensive, while Ankara offers more affordable options. Antalya provides a middle ground, particularly if you’re looking for a coastal location.
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Several factors can impact the cost of buying a house in Turkey:
Beyond the initial purchase price, be sure to factor in these ongoing expenses:
Here’s a step-by-step overview of how to buy property in Turkey:
Experts predict a positive outlook for the Turkish real estate market. While high interest rates have created a “buy zone,” the market is expected to pick up in 2025, with a potential peak around 2027-2028. Investing early could yield significant returns.
Buying a house in Turkey is a significant decision. Take your time, do your homework, and seek professional advice. With careful planning and the right guidance, you can find the perfect property to call home.
Ready to take the next step? At AZPO Estate, we’re dedicated to helping you find the perfect property in Turkey. Whether you’re looking for a cozy apartment in Istanbul, a luxurious villa in Bodrum, or an investment opportunity along the Mediterranean coast, we have the expertise and resources to guide you every step of the way.
Contact us today to explore our listings and discover how we can make your dream of owning a home in Turkey a reality.
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