Real estate purchase: how to calculate the all-inclusive price?

By fashionlifeshopping 13/03/2022 1645 Views

Notary fees: between 2 and 8% of the sale price of the property

Notary fees are the first item of expenditure backed by your real estate acquisition.

They are due to the notary at the time of signing the final deed of sale and amount to 2-3% for the purchase of a new property, while they are around 7 to 8% of the price of the housing in the old. If these fees are collected by the notary, 80% of the sum is made up of taxes and duties which are paid to the State: only 20% of the notary's fees really constitute the fees and disbursements collected by the notary in respect of his remuneration.

Note that notary fees are usually payable by the buyer and are therefore effectively added to the sale price displayed, so it is important to plan for this additional expense. For example, for a property acquired at the price of €200,000, notary fees may be added up to €4,000 to €16,000.

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