Moving to Turkey for permanent residence: what costs will you face?
Considering average prices, let's try to calculate what expenses moving to Turkey entails and what is the total cost of implementing such an idea.
Housing
The ideal solution would be to buy your own property. If buying is not possible now, then renting is worth considering. An excellent solution for a comfortable stay for the whole family would be a three-room apartment; in Turkey these are called 2+1. If you need to save money, then 1+1 will do, but it’s hard to call this option comfortable. The rental budget will be from 2500 liras depending on the option chosen. In addition, 100% of this amount will be the cost of the realtor’s services and another 100% will be a deposit, the so-called deposit, which will be returned upon leaving the property.
It will be necessary to re-register water and electricity meters; another 250-350 liras will be required. In total, housing will cost 7,500 -7,850 liras in the first month, and 2,500 for rent and approximately 200 liras for each month.
Get a residence permit
In order to obtain a residence permit in Turkey for 3 people (two parents and a child), you will need to provide the following documents:
- Compulsory health insurance for all family members.
- A notarized copy of the rental agreement.
- Translation and notarization of necessary documents.
- Government fees and duties.
The total cost of these expenses will be approximately 2,500 liras, provided that the residence permit is issued for 1 year.
mobile connection
The phone with which you crossed the Turkish border will be active for a maximum of 6 months. After the specified period, you will need to pay a phone registration tax (approximately 2000 liras) or purchase a new gadget. Before you buy a home in Turkey , include this expense item in your budget.
Educational institutions for children
Depending on the age of the child, this may be a kindergarten or school. If the kindergarten is public, then the cost of visiting it for a month will be 400 liras (half a day), for a private preschool institution the cost of visiting will be 1500 liras (full day).
A child will be able to receive education in a public school completely free of charge. If transport is needed to travel from home to school and back, we add another 300 liras per month to the total amount. If you are planning to rent an apartment in Turkey to live with children, you should find out the territorial location of the nearest kindergartens and schools in advance.
Estimated cost of living in Turkey
Monthly living costs in Turkey will be approximately $500 for two adults. This amount includes food and transportation, visits to catering establishments, utilities, expenses for children, clothing and shoes, sports and recreation.
Additional expenses
Their list includes:
- Mobile communications for 3 people - 150 liras.
- Public transport - 150 liras.
- Tea, coffee, sweets in a cafe 3 times a week - 350 liras.
- Residence permit extension, insurance - 100 liras.
In total - 700 liras.
Significant savings when living in Turkey are achieved due to the warm climate. If you choose your home wisely, you will not need heating, and this is quite a significant saving on energy resources. Thanks to the warm climate in this state, there is no need to purchase warm clothes, and this is another opportunity to save money.
In order to rent or buy housing in Turkey profitably and safely, contact MaxHomeInvest. We will find an option for a reasonable price and in the shortest possible time, which will fully meet your requirements. We will help you complete the transaction quickly and safely. Still have questions? Do you want to buy an apartment in Turkey without hassle or extra expenses? Contact us and get a free consultation from our staff right now.
