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Real Estate Transfer Fees

After a property is fully constructed a final approval certificate is granted by the building authority or town hall for the property. Soon after that a title deed of the individual property is issued by the Land registry. In a complex of example 30 villas, 30 separate title deeds, 1 for each villa will be issued. The title deeds will then be transferred and registered to the legal purchasers (property owners).

Various fees and taxes should be paid by the new owner to finalise the transfer.

The Land registry on the day of transfer imposes the property (real estate) transfer fees. This is applicable generally to any freehold real estate type (land and buildings) transferred to the new purchaser (property owner).

The Purchaser is solely responsible for the payment of the transfer fees. The rates are on a graduated scale as shown at the table below.

Value of property (€)

Transfer fee rate (%)

up to 85.430,07

3

from 85.430,08 to 170.860,14

5

from 170.860,15 and over

8

If the property is in joint names e.g. of a couple (husband and wife) or two individuals, then the purchase value is divided into two parts which results in reduced transfer fees.

please see the example below:

For a property with a purchase price of € 200.000 in one name, the fees payable are € 9.165,59.

For Property in one name

Up to € 85.430,07

@ 3%

= € 2.562,90

from € 85.430,08 to € 170.860,14

@ 5%

= € 4.271,50

The remaining € 29.139,86

@ 8%

= € 2.331,19

Total fees payable

= € 9.165,59

 

 

For property purchased for € 200.000 in two persons, the fees payable are € 6.582,80.

For property in the names of two persons

First €85.430,07

@ 3%

= € 2.562,90 (Share of husband)

Second €85.430,07

@ 3%

= € 2.562,90 (share of wife)

The remaining of First,       €14.569,93

@ 5%

= € 728,50 (Share of husband)

The remaining of Second,     €14.569,93

@ 5%

= € 728,50 (Share of husband)

Total fees payable

= € 6.582,80

 
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