Property Tax is paid every year and is 2% in metropolitan municipalities and 1% in non-metropolitan areas. The tax rate of commercial properties is 4% in urban districts and 2% in non-metropolitan areas.

Property and Earthquake Insurance

Earthquake insurance is compulsory in Turkey and is calculated on a square meterage basis. Risks that may arise from fire, explosion, tsunami or landslide during and after an earthquake are under Mandatory Earthquake Insurance. Fee varies between 150 TL to 250 TL (depends on m2). Property insurance provides protection against most risks to property, such as fire, theft and some weather damages. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property insurance provides financial reimbursement to the owner of structure in such cases.

Maintenance Fee (Aidat in Turkish)

Anyone buying an apartment in communal buildings will also need to pay a monthly apartment Aidat fee that goes towards communal facilities such as stairwell electricity, swimming pools, garden maintenance or security.

Getting Connected: Electricity

Deposit value + new connection of electricity meter: Appr. 550 TL (once only) Name transfer of an existing connection (transfer transactions): Appr. 400 TL (once only)

Getting Connected: Water

Deposit value + new connection of water meter: Appr. 525 TL (once only) Name transfer of an existing connection (transfer transactions): Appr. 53.60 TL (once only)

Telephone and Internet

If you have a residency permit, you can get a telephone and internet connection. Turk telecom and TTNET are countrywide, and they hold a majority of the market. For new subscribers, special packages are available, if you sign a two-year contract. Examples include telephone calls, broadband internet and TV satellite packages for 100 Turkish Lira a month. All companies will charge an installation fee.