Lawyer’s fee
The fee depends on the agreement you make, but usually starts from 1% for values up to 44.000€, reduced to 0.5% for a value of over 44.000€ up to 1.407.000€. The legal control of the property titles charged additionally, usually its around 250€.
Notarial expenses
The notary’s fee starts from 1% for values up to 120.000€, reduced to 0.7% for a value of over 120.000€ up to 380.000€ and drops to 0.65% if the value stated in the contract exceeds 380.000€ and is up to 2.000.000€. On the notary’s fee, VAT 24% is added, and buyer will be asked to pay an additional amount for each page of the contract (usually 4€ per page).
Purchase tax
This tax is paid to the tax office and is equal to 3% of the contract value. When it comes to first transfer of the property, for secondary residence, with construction permit is from 01/01/2005, the buyer is charged 24% VAT. In all other cases applies the conveyance tax of 3%.
Registration fees in the Land Registry
The registration fee of the contract to the Land Registry is 0.475% of the value of the property. In addition, an amount equal to 0.125% of the property value is paid for the Legal Fund.
Real estate agent expenses
The agent’s fee is 2% of the property value (+ 24% VAT).
For the properties value under 50.000€, the fee is 1000€ plus the legal VAT(24%)
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