Unbiased legal advice is often
required prior to signing a real estate contract, especially in
view of the complexity of the laws and regulations that affect
real estate.
Legal consultants assist clients in
the verification of assessed values of properties as determined
by municipal authorities.
They also assist their clients in
the interpretation of local regulations and provide expertise
indispensable in negotiations with the appropriate authorities
in all procedures directly related to any change of use that may
be required. Property Tax:
Value estimated by
Expenses
Tax
Authorities up to: 14,670 EURO Τ Tax: 7-9%.
Above 4,670 EURO Τ Tax : 9-11%.
Municipality Tax:
3% on the total amount of purchase tax.
Notary Public Expenses: 1,5% -2% on
the price stated on the Estate contract.
Legal Advisory Expenses:
Stated Value: Up to 44,000 EURO: Fee: 1,5%
Stated Value: Over 44,000 EURO: Fee: 0,5% -0,9%
Real Estate Agency Fee:
Upon Agreement
Recapitulation:
An investor would have to account a total of
10-15% expense, on top of the list price asked for the property.
