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Second Home FAQ Page | Second Home and Investment

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FAQ Page 2012-12-05T17:20:13+00:00
Croatia: Which documents are required for buying or selling a property? 2017-11-15T15:28:18+00:00
  1. Pre-contract agreement between the buyer and vendor (seller). The buyer is expected pay a down payment equivalent to 10% of the selling price (This percentage may differ, depending on the contracting parties, and the down payment can be as high as 15%).
  2. The buyer then should apply for the consent from the Ministry of Foreign Affairs(MOFA). Necessary documents include:
    1. The purchase agreement
    2. The seller’s proof of title (land registry certificate: ZK izvadak)
    3. Certificate confirming that the property is within the construction zone envisaged by the zoning plan (Uvjerenje o namjeni)
    4. Proof of citizenship for the buyer
    5. Proof of citizenship for the seller
    6. Power of attorney, if an attorney is involved.
  3. A binding contract is then prepared by a lawyer and signed by the notary. An official note of the contract should be made in the Land Registry. Once MOFA consent is granted, the contract needs to be registered in the Municipal Cadastral Department’s Land Books (Zemljišne Knjige), and the purchase tax needs to be paid. The 5% real estate transfer tax does not apply to new buildings. In this case, a 25% VAT is levied on the construction value of the building. New buildings are defined as properties built after 31 December 1997.
Croatia: What are the notarial costs and who pays them? 2017-11-13T15:48:50+00:00

The notary fee are between 30 € and 100 €. The buyer of the property has to pay the notarial fees.

Croatia: Who pays the agency fee? 2017-11-13T15:14:02+00:00

The agency fee is paid by the seller and the buyer. Each part pays 3% + 25% VAT.

In case of a rental contract the owner and the tenant have to pay an agency fee.

Croatia: What is the percentage of the agency fee? 2017-11-13T15:09:12+00:00

I Croatia you have to pay 3% commission for both sides (seller and buyer). A VAT of 25% is added on this amount.

Luxembourg: Who will choose the notary? 2017-11-07T10:11:40+00:00

The notary is normaly choosen by the buyer, because he has to pay the notary fees.

In case of buying a new construction, the notary is often mandatored by the construction company or te developers. This is often done due to a better organisation of the diffeent contracts.

Luxembourg: Who pays the agency fee ? 2017-11-07T10:06:22+00:00

When you purchase a property in Luxembourg, the agency fees has to be paid by the seller.

If you rent a property, the agency fee will be at the charge of the tenant (mostly 1 month + VAT)

Luxembourg: What is the percentage of the agency fee? 2017-11-07T10:01:37+00:00

Des frais d’agence doivent être payés en cas de recours à une agence immobilière lors de la vente ou de l’achat d’une maison ou d’un appartement.

Les montants des honoraires de l’agent immobilier à l’occasion d’une vente ne sont plus encadrés par la loi.

Le plus souvent, le taux appliqué est de 3% du prix de vente.

Luxembourg: What are the notarial costs and who pays them? 2017-11-07T09:57:08+00:00

Les frais de notaire sont d’une triple nature:

  • les droits dus au Trésor public dont le notaire est le collecteur,
  • les débours qui constituent le remboursement des frais engagés pour les services et documents extérieurs à l’étude nécessaires à la réalisation d’une affaire (cadastre, hypothèque, géomètre, …),
  • les honoraires qui rémunèrent le travail du notaire et de ses collaborateurs ; ils sont fixés par règlement grand-ducal.

Seule la troisième catégorie de frais correspond à la rémunération du notaire, les deux autres sont perçues pour le compte de l’Administration de l’Enregistrement et des Domaines, ou liées à des frais encourus par le notaire.

Les frais de notaires sont payés par l’acquéreur du bien immobilier.

Poland: How much is the property registry fee ? 2017-11-06T20:35:58+00:00

150 PLN for document for one property.

Poland: Who will choose the notary? 2017-11-06T20:33:07+00:00

It is flexible. It depends on a buyer and seller decision, who will take over the costs.

Poland: What are the notarial costs and who pays them? 2017-11-07T09:55:05+00:00

According to art. 5 of the Polish Notary Public Act as of 14 February 199, a notary is entitled to remuneration for notarial acts, defined on the basis of an agreement entered into with the parties of an act and no higher than the maximum notarial fees applicable for a given act. Remuneration does not involve travel costs and other necessary expenses incurred by a notary in connection with the act execution. Maximum notarial fees are regulated by the ordinance of the Minister of Justice as of 28 June 2004 regarding the maximum notarial fees. 23% VAT rate should be added to the fees.

As a rule, maximum sum is calculated based on the value of the subject of a notarial act:

to 3.000 zł maximum 100 zł
between 3.000 zł and 10.000 zł 100 zł + 3% of the amount over 3.000 zł
between 10.000 zł and 30.000 zł 310 zł + 2% of the amount over 10.000 zł
between 30.000 zł and 60.000 zł 710 zł + 1% of the amount over 30.000 zł
between 60.000 zł and 1.000.000 zł 1.010 zł + 0,4% of the amount over 60.000 zł
between 1.000.000 zł and 2.000.000 zł 4.770 zł + 0,2% of the amount over 1.000.000 zł
over2.000.000 zł 6.770 zł + 0,25% of the amount over 2.000.000 zł, but no more than 10 000 zł, and in cases of acts executed between parties belonging to the first tax group (closest family), no more than 7500 zł
Poland: Who pays the agency fee ? 2017-11-06T20:34:01+00:00

It depends on the kind of agreement. Both sides can pay the agency fee.

Poland: What is the percentage of the agency fee? 2017-11-06T20:34:28+00:00

In Poland the agency fee is 2 or 3 %

For the purchase of a residential apartment, most agents will apply 3% commission. However, agent fees are negotiable for larger purchases (such as a building).

Which VAT rate is applicable for the sale or rental of your property? 2017-10-14T12:06:19+00:00

Answer

Who will issue the pre-purchase agreement? 2017-10-14T12:06:32+00:00

Answer

Do you need a signed real estate purchase agreement? 2017-10-14T12:06:47+00:00

Answer

How much is the property registry fee? 2017-10-14T12:07:11+00:00

Answer

Who will choose the notary? 2017-10-14T12:08:08+00:00

Answer

What is the notarial costs and who pays them? 2017-10-14T12:09:38+00:00

Answer

Tunisia: Which documents are requires for buying or selling your property? 2017-11-13T15:53:06+00:00

For the purchase of an apartment in Tunisia, you need a copy of the passport, and an authorization from the governor (Immobilière CHAABANE will help you in the procedure of filing in the documents and in the follow-up, only in the case that the client is entitled to have it after the request).

Who pays the agency fee ? 2017-10-14T12:08:23+00:00

The final customer pays the agency fees and they will be deducted from the price of his apartment.

Tunisia: What is the percentage of the agency fee? 2017-11-06T20:40:22+00:00

The agency fee will be at 3% + VAT