Without a doubt, one of Turkey’s most attractive features is the low cost of living. Many buyers are now eager to escape the rapidly escalating exchange-rate between the GBP and the euro. The average salary here is significantly lower than that of the UK, Spain and France. Accordingly, the prices of daily items are lower. As you will soon discover, Turkey is unrivalled in quality and value for its produce, particularly fruit and vegetables, due to its history of agricultural expertise.
The few items that you may find as expensive as at home could include mobile phones, petrol and internet services. Please bear in mind that Cumberland Properties offers free Wi-Fi internet to all of our residents and renters and that the majority of tourists in Bodrum happily rely on public transport.
It is essential to take taxes into consideration. Property tax is between 0.1-0.3% of the declared value of a property per annum, and there is an additional environmental tax, which equates to roughly £100 per annum. Other potential taxes will be on any earnings made during residence in Turkey.