Posted on 16 April 2012
Buying costs vary from region to region, and deal to deal, but these are the generally accepted minimum charges & costs involved (Please note that prices are FROM in each case)
-Independent Legal Fees from £500 (Turkey Based, more if UK based and subject to the work completed)
-Notary Costs (including Power of Attorney ) – from £200
-Property Purchase tax /stamp duty – 4% total of the declared & registered purchase price – the split of the purchase tax between seller and buyer is subject to agreement in each purchase. (Increased from 3.3% to 4% September 2012)
-Military approval cost – from £125 per purchaser
-Land registry – £125
-Utility transfer fees from £150 per utility.
If the property is a resale property there is a 3% agency fee on the purchase price.