Property Purchase Contract: fees and additional expenses
If you sign a property purchase contract, you will have to pay the following extra expenses and fees:
If the actual property price amounts to €100.000 and tax is 3%, then expenses calculate as follows:
- A Lawyer’s fee: 100.000х1,5% = 1.500 € (plus 23% VAT which is added up to this amount) = €1.845
- A Notary’s fee 100.000х1,5% = 1.500 € (plus 23% VAT) = €1.845
- Title transition tax: 100.000х3,09%=3.090 €
- Mortgage registry fee: 100.000х0.5% = 500 €
- Estate agent’s fee: 100.000х2%= 2.000 € (plus 23% VAT)= 2.460 €
Total amount: 9.740€ (This amount can’t be considered a service fee calculated based on property price).
If the actual property price amounts to €100.000 and tax is 23%, then expenses calculate as follows:
- A Lawyer’s fee: 100.000х1,5% = 1.500 € (plus 23% VAT which is added up to this amount) = €1.845
- A Notary’s fee 100.000х1,5% = 1.500 € (plus 23% VAT) = €1.845
- Title transition tax: 100.000х23%=23.000 €
- Mortgage registry fee: 100.000х0.5% = 500 €
- Estate agent’s fee: 100.000х2%= 2.000 € (plus 23% VAT)= 2.460€
Total amount: 29.650€. (This amount can’t be considered a service fee calculated based on property price).