Transparency in the Alanya Real Estate Market: Become a Homeowner Without Hidden Costs

Transparency in the Alanya Real Estate Market: Become a Homeowner Without Hidden Costs

Introduction: Transparency = Safe Investment

Alanya's attractive real estate opportunities offer great potential for investors. However, for those buying from abroad or purchasing property for the first time, the process can be stressful due to unknown expenses and hidden fees. Financial surprises can quickly turn an exciting buying experience into a disappointment.

We believe that absolute transparency is the key to success in the real estate consultancy process. This guide aims to help you receive your title deed with confidence, without hidden costs, by letting you know in advance all the costs you may encounter while becoming a homeowner in Alanya.

1. The Biggest Source of Hidden Costs: Official Transaction Fees

Mandatory official expenses, which are apart from the sales price and often overlooked, are the most important part of budget planning.

A. Title Deed Fee (Transfer Tax)

  • What is it? It is the tax paid to the government based on the official sales price of the property.

  • How Much? The current legal rate is 4% of the sales price declared on the title deed. In practice, this rate can be shared between buyer and seller, but in the Alanya market, it is usually borne by the buyer.

  • Hidden Danger: It may be proposed to under-declare the property's real value on the title deed. While this lowers the fee in the short term, it carries major legal risks such as future tax penalties, issues with citizenship applications, and low valuation.

B. Real Estate Valuation Report (Appraisal)

  • What is it? A report showing the true market value of the property, which is mandatory for title deed transactions.

  • How Much? The fee is fixed and paid to Licensed Real Estate Valuation Institutions.

  • Transparency Note: This report is the most transparent tool allowing you to check if the property's sales price is accurate.

C. Real Estate Consultancy Service Fee

  • What is it? The legal commission paid in return for professional consultancy service.

  • How Much? Legally, it cannot exceed 2% + VAT of the sales price (paid separately by buyer and seller).

  • Hidden Danger: Stay away from amateur agents who work without a contract and demand a commission above the legal limit at the last minute.

2. Mandatory Costs in the Purchasing Process

These expenses are necessary for the transaction to be completed safely and legally.

Cost ItemDescriptionTransparency Check
Notary Fee (Power of Attorney)Paid when giving power of attorney to a lawyer or consultant for purchases from abroad.The POA fee is fixed at the notary based on the page count and content.
Currency Exchange TransactionBank commissions that may occur when paying in foreign currency and converting to TL as per Central Bank rules.Confirm the net exchange rate and commission rate with your bank.
DASK (Compulsory Earthquake Insurance)Mandatory insurance that must legally be done before title deed transactions.Determined based on the property's square meterage and age.
Iskan (Habitation License) FeeIf the buyer pays for the Iskan in new buildings, this amount must be clarified in advance.Who will pay for the Iskan must be added to the contract before the sale.

3. Our Promise of Financial Transparency: Why Trust Us?

By working with us, you receive the following transparency guarantees in your Alanya real estate journey:

  • Full Cost Table: In our first meeting, we present you with a detailed "Total Purchase Cost" table that clarifies your budget, including not just the house price but also title deed fees, commission, insurance, and notary expenses.

  • Legal Risk Report: We provide a detailed report showing the entire legal status (mortgages, liens, encumbrances) and zoning status of the property you intend to buy registered at the title deed office.

  • Access to Seller Information: We show you the appropriateness of the price received from the seller according to market conditions by comparing it with precedent valuations.

Remember: Transparency is not a marketing slogan; it is our fundamental way of doing business. Hidden costs do not just complicate the process; they destroy trust.

Conclusion: Own a Home in Alanya with Peace of Mind

Owning a home in Alanya doesn't have to be complicated. Working with the right consultancy firm not only finds you the best property but also gives you the assurance of planning your costs in advance and being protected from hidden risks.

With us, you can be sure to experience a completely transparent, peaceful, and safe investment process in the Alanya real estate market.

Contact us immediately and start your homeownership journey with transparency!