Property prices in Antalya, Istanbul, or Mersin, is not the only thing connected with money that should worry you when investing in a real estate in Turkey. As in any other country, after buying a property, its owner enters into agreements with housing services and pays utility bills, as well as taxes. The maintenance of Turkish property is cheaper for foreigners than in other European countries. One of the main rules is to make payments on time so as not to receive a penalty and a fine.
As a rule, in the Republic of Turkey, as in other countries, citizens have the opportunity to pay for the provided service, energy resources in two ways – by directly contacting the cash desk of an organization, as well as remotely, that is, via the Internet. Due to the current situation in the world and post-pandemic, it is better to spend most of your free time at home. And in order to avoid debts, you can pay utility bills and taxes online. So, let’s go through it in detail and in order!
Water is perhaps the smallest item of expenditure among the monthly payments for utilities. The average cost of one cubic meter of water is about EUR 0.5. Payment is made according to counters for the consumed volume. In Turkey, there is no centralized hot water supply, each apartment has a water heater, respectively, and its price is equal to the cost of electricity for heating.
Electricity and light
Electricity prices in the Republic of Turkey are among the lowest among European countries. But since the resort country in most of the territory has a rather hot climate, the cost of electricity is often tangible due to the constant operation of air conditioners. For example, for electricity in a 1+1 apartment with an area of approximately 50 square meters, the owners pay about EUR 55-60 per month. Half of this amount falls on the air conditioning system in each of the premises.
Mobile communication and Internet
The number of internet service providers in Turkey is relatively small and the cost of providing internet services together with TV is approximately EUR 11-20.
With regard to mobile communications, it is important to know that upon arrival in Turkey, you will only be able to use your mobile phone for three months, after which the device will be blocked. Foreigners who wish to use cellular communications and mobile without any restrictions can either buy a phone in the Republic of Turkey or officially register their device brought from abroad by paying a state fee of approximately TRY 1840 (about EUR 100).
Speaking about taxes in Turkey, the first thing that is meant is the annual property tax. All owners of Turkish property are required to make it. The amount of payment depends directly on the location and type of property:
- residential properties;
- commercial facilities;
- land plots.
The amount of tax is calculated from the cadastral value of the property indicated in the TAPU (certificate of ownership) and ranges from 0.2% to 0.6%. For Turkish housing, the tax is 0.2%.
For the use of paid parking lots in Turkey, local citizens and foreigners pay a certain fee. All car owners in the Republic of Turkey pay an annual car tax. Note: the car tax is split into two parts per year and is automatically shown as two separate amounts. To make a payment, you need the initial data: car number and TIN number or kimlik number (for foreigners with Turkish citizenship).
Payment for services through a mobile application
Online payment of utilities in Turkey, as well as annual taxes, is possible through a convenient mobile application. To do this, you must be a client of one of the Turkish banks. In the mobile application from your bank, simply go to the “fatura odemeler” section and make the necessary transfers.
Real estate in Turkey
As you can see, paying for utilities and taxes in Turkey is very simple. If you have any questions or want to buy high-quality, liquid Turkish real estate in the most popular cities of the country, please contact the specialists of the Turk.Estate website. They know how to fulfill your dream of owning your own home in Turkey.