Taxes and Purchase Costs
· Author: Grand Emlak
At purchase
| Title deed fee | 4% of the sale price (legally 2% buyer + 2% seller; in practice set by contract) |
| VAT | New-build homes 1% / 10% / 20% depending on net area and project; usually none on resale homes. Foreign buyers may qualify for a VAT exemption on a first home under certain conditions. |
| Registry service fee | Fixed fee set by the Land Registry |
| Valuation report | SPK-licensed company; mandatory for foreign buyers |
| DASK | Compulsory earthquake insurance; annual premium by m² and region |
| Notary / translator | Power of attorney, sworn translations and notarisation |
| Agency fee | Charged separately to buyer and seller per regulation; stated in the contract |
During ownership
- Property tax: annual municipal tax; 0.1% for homes (0.2% in metropolitan municipalities), 0.3% for land (0.6% metropolitan). Two instalments: the first in March–May (by 31 May), the second in November.
- Maintenance fee (aidat): site/building management cost; stated in our listings.
- Rental income tax: income above the annual exemption is declared; lump-sum or actual-expense method.
At sale
- Capital gains tax: applies if sold within 5 years of acquisition, on the inflation-adjusted gain.
- The title deed fee applies at sale as well.
Rates and exemptions change yearly; consult your accountant and agent for exact figures.