Useful Info
Property Purchase Contract Expenses
Property Transfer Tax: The property transfer tax is estimated to be 3% of the value written on the purchase contract
Lawyer’s Fee: Upon agreement to perform the legal check of the property. For the lawyer’s presence at the purchase contract, the fee is defined at 1,5% to 2% plus VAT. The lawyer’s participation is no longer obligatory, but it is recommended for the legal protection and advise of both parties.
Notaty’s Fee: Depends on the price written on the purchase contract.
Real Estate commission fee 2% plus 24% Additional Value Tax calculated on their receipt.
Land Registry Fee: 0,4 to 0,6 % of the value written on the purchase contract plus VAT.
Property Purchase Procedure
After finding the ideal property through our office and completing the negotiations, the below procedure is followed:
Assign to a capable lawyer to check the title deeds.
Assign to an architect-engineer to check:
For land: Suitability of the size & shape and buildability.
For houses/commercial properties: Legality, stability, construction quality.
Sign a private agreement-engagement between the two parties to withdraw the property from the market with a downpayment of an amount equal 5 to 10 % of its value.
Property Insurance
Our real estate is an asset of great value, it is a life’s work that deserves to be protected from unforeseen and sudden risks that can bring about serious or even catastrophic consequences. The only way to avoid these consequences is to insure our property.
Our cooperation with the largest insurance companies and our 20 years of experience in home insurance gives you the possibility of a different approach to the unforeseen risks and unexpected events that we are called to face.