Property purchase costs in Turkey compared to Europe

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Click name of country for detailed information
Denmark 2.23%
Iceland 2.90%
Lithuania 3.44%
Liechtenstein 3.90%
Estonia 4.08%
Norway 4.69%
Albania 5.34%
Slovak Rep. 5.81%
Macedonia 5.95%
Ukraine 6.03%
Serbia 6.06%
Latvia 6.11%
Switzerland 6.21%
Slovenia 6.35%
Poland 6.73%
Finland 6.99%
Montenegro 7.02%
Bulgaria 7.95%
Netherlands 8.25%
Sweden 8.25%
Czech Rep. 8.77%
Greece 8.84%
Ireland 9.07%
Turkey 9.50%
UK 10.03%
Cyprus 10.23%
Croatia 10.53%
Hungary 10.65%
Spain 11.09%
Austria 11.20%
Romania 11.82%
Germany 12.71%
Portugal 12.92%
Luxembourg 14.31%
Andorra 14.82%
Italy 16.13%
Monaco 17.57%
France 18.45%
Malta 18.56%
Belgium 19.22%
Moldova 21.48%
Russia 25.11%

Turkey: Round trip transaction costs (%).

The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.


  • The property is purchased by a non-resident foreigner in the country where he/she is buying
  • The property is worth US$250,000 (250,000 for Europe)
  • The property is paid in cash
  • The property is a condominium located in a major city
  • The property is not newly-built
  • The property is bought from an individual and not a developer or real estate holding company.

Transaction costs can be broken down into four major cost areas:

  • Registration costs
  • Real estate agent fees
  • Legal fees
  • Sales and transfer taxes

Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.

Costs paid by buyers and sellers vary widely. Agents and lawyers costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.

For fuller details see the Data FAQ.

Source: Global Property Guide Research

Turkey does not publish official house price or rents time-series. The best source for house price statistics is REIDIN, which has a monthly composite house sales price index starting June 2007. General economics statistics for Turkey come from the Turkish Central Bank, State Planning Organization, and Turkish Treasury.