How much will the additional costs be approximately ?
Title deed application cost: 150 €
Notary autharisation and sworn translator: 150 €
Property sales tax 3% of the declared value of the property to be paid once only
Settlement fee, electric and water registration to be paid once only
All the legal costs sum up to % 4 of the sales price
Lawyer fee % 1 of the sales price ( 750 € minimum )
Telephone line registration ( if required ) 5 €
Declared value of the property is always lower than the actual value. We get the declared value from the local government, so that sales tax is paid according to the declared value.
Settlement tax, electric and water registration fees depend on the size of the property as well as the municipality and they are determined annually and seperatelly by municipality counciles.All the transactions and paperwork are executed by Belek Properties Lawyer.
All of the property owners have to pay 0,01% property tax annually to the local municipality. This tax is charged according to the declared value. Payment can be done in cash or semestral payments. First payment must be done from March to May, if semestral, second payment must be done in November.
Cost of electric is 0.10 € per Kwh. This is approximate and the cost per each unit depends on the level of consumption <> Cost of water is 0.75 € per m3.There is a local charge for sewage <> drainage and rubbish services and it is added to water bill by municipality.
How is the maintenance charge determined ?
Maintenance charge for the complex that your property is situated in.Maintenance charge is determined according to expenses, Gross salary of the staff employed, communal expenses such as electric, water, pool and elevator maintenance expenses are the main ones.