Property Purchase Contract Expenses
• Property Transfer Tax:
1. For newly built houses VAT 24 % of the value written on the purchase contract.
(UNTIL THE END OF 2024 THERE IS A 24 % VAT EXEMPTION AND THE TRANSFER TAX IS SET AT 3 %)
2. For any other property, the property transfer tax is estimated to be 3 % of the value written on the purchase contract.
• Notaty’s Fee: Set at 1,1 % of the stated value of the contract.
1 Land Registry: 0,475 % of the value written on the purchase contract plus VAT.
• Realtor’s Fee:
1. Defined at the amount 2000€ plus VAT for properties priced less than 100.000€.
2. Defined at the percentage 2 % plus VAT for properties priced more than 100.000€.
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