The cost of buying in Turkey
- Stamp duty is payable at 4% of the the title deed value. We or your or solicitor can give advice as to how much the stamp duty will be
- Turkish solicitors generally charge £500 for conveyance and an additional £500 to complete the purchase process with power of attorney
- A power of attorney costs on average the equivalent of £150 pounds at the Notary
It is a requirement for completion, that the property has government DASK insurance. This insurance covers 20% of the rebuild cost of the building, in the event of an earthquake. After completion, buyers should take out additional private insurance, to increase the level of building cover for all risks and to insure the contents.