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Additional expenses

Additional Expenses

It is important to be fully aware of the legal process and expenses involved when you are buying a property abroad. Plus Investment will guide you through the entire procedure and will provide you with professional advice and information.

We will make the entire sales process as obvious and as straightforward as possible for you.

   Conveyance tax

               This is 4 % of the property value stated in the Tapu Office. It is paid at one of the State Banks at the time of conveyance
               (the amount stated in the Tapu Office is lower than the real property value and approximately stated between 1000-5000 Euro).

    Water Connection

                  New connection of water meter:                                                                  Approx. 60 Euro

                  Name transfer of an existing connection:                                                    Approx. 30 Euro

                  Water cost per m3:                                                                                      Approx. 0.75 Euro

     Electricity

                    New connection of electricity meter:                                                       Approx. 100 Euro (Once only)

                    Name transfer of an existing connection:                                               Approx. 55 Euro (Once only)

                    Energy cost per kwh:                                                                              Approx. 0.10 Euro

    Notary Public Fees

                     Fee for certified translator at Notary Public:                                                          50 Euro.

                    Giving Power of Attorney                                                                         Approx. 175 Euro

    Property Tax

                  0.1% of the property value declared by the local municipality (to be paid before the end of May each year).

  Fees at the land registry office

              Fee for certified translator at the Tapu Office*:                                                       50 Euro
             *A certified translator is required by law to translate the document into the appropriate foreign language
              Registration Fee at the Tapu Office:                                                                       65 Euro



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