Purchase
Costs
We
recommend that you allow a sum of around 12,3% of the price of the property to
cover payment of purchasing fees e.g. land registry fees, notary fees, legal fees
and taxes.
1.
Transfer Tax: This is paid by the purchaser and is a standard 7% tax applied
to the declared value of the property. This tax must be paid within 30 days of
signing the title deed.
2.
Plus Valia (land/capital gains tax): This is generally paid by the owner when
they sell the property.
3.
Notary, Land Registry and Legal Fees: 2.8 % of the declared value of the property.
4.
Real estate agent´s commission fee: 2.5 % of the sale price from the
buyer side.
Purchase
costs example: sale price 150.000 EURO
notary
(0,8%) = 1.200,00 Euro
transfer tax (7 %) = 10.500 Euro
legal fees (AJD
1,5%) = 2.250,00 Euro
land registry (0,5%) = 750,00 Euro
commission fee
(2,5%): 3.750 Euro
total:
18.450,00 Euro
