What are the costs of purchasing a property?

What are the costs of purchasing a property?

When purchasing a property, the prospective buyer should take into account several additional expenses beyond the stated sale price.
These costs increase the actual value of the investment and typically include:

  • Lawyer’s fee
  • Notary public fee
  • Real estate agent’s commission
  • Property Transfer Tax (Φ.)
  • Municipal tax (in favor of the local authority – O.T.A.)
  • Land Registry or Cadastre registration fee
  • Registration fee for any mortgage or pre-notation