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 PURCHASE. FREQUENTLY ASKED QUESTIONS
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Payments & Expenses |
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| What can I expect the stage payments to be? |
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New builds |
Resales |
€3,000 on signing the contract
Balance on completion |
€3,000 on signing the contract
Balance on completion |
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| What expenses are incurred when buying a property? |
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New build example |
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Resale example |
| Price of the property: |
200,000€ |
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Price of the property: |
200,000€ |
| Tax @ 8%: |
16,000€ |
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Tax @ 7%: |
14,000€ |
| Stamp Duty Tax @ 1%: |
2,000€ |
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Stamp Duty Tax @ 1%: |
2,000€ |
| Notary's Fee: |
1,000€ |
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Notary's Fee: |
1,000€ |
| Land Registry: |
300€ |
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Land Registry: |
300€ |
| Utilities: |
300€ |
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Utilities: |
300€ |
| Solicitor's Fees @ 1%: |
1,495€ |
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Solicitor's Fees @ 1%: |
695€ |
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| Total Price |
221,095€ |
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Total Price |
218,295€ |
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| When do I pay the expenses? |
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The tax, the land registry and the notary on completion. The solicitor’s fee is paid 50% at the time of hiring our services and 50% on completion.
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| What are the total costs involved in getting a mortgage? |
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The setting-up costs are approximately 3% - 4% of the amount borrowed.
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| Will I be charged commission to transfer my pension? |
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It is against EU banking regulations for you to be charged commission on pension transfers.
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