The expenses mentioned in this article are associated with the purchase-sale of a particular property and must be considered when you determine the amount you wish to invest in property.
1. Local tax (property transfer tax): it is determined by each municipality individually and is within 3% of the sale price shown in the Notary deed. This tax is paid by the buyer of the property.
2. Notary and state fees: they are calculated on the sale price shown in the Notary deed. Upon signing the Notary deed there is an obligation to be paid Notary fee according to the prescriptions of the Notary and the Notary Activity Act (NNAA). The exact amount of the notary taxes is defined in the Notary Taxes Tariff. The fee for entering the Notary deed for purchase-sale is 0.1% (but not less than EUR 5.11). Other notary fees - for drafting the Notary deed, for certification of signatures, copies of documents, etc. Usually these fees are paid by the buyer.
3. Intermediary Services Fees and Charges: for details click here.
In general, all expenses for purchase-sale of a property are within 5.5% - 6% of the sale price shown in the Notary deed, plus the amount of the commission.