Expenses of buying property

Legal fees

Legal fees including the lawyer’s fee of 1,000 to 1,350 pounds

Contract registration fee

Contract registration fee = 0.5% of the price indicated in the contract

Taxes

When you receive your keys, you will pay VAT = 5% of the price indicated in the contract

After obtaining the permission to buy your property (6-12 months), you will pay a tax of property purchasing (known as a title transfer tax) = 3% of the price indicated in the contract

Utilities

When you buy a new property, you will pay for the connection of water and electricity. It can cost from 1500 to 2500 pounds.

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