Completion and Cost of Sale
To complete a sale the title deeds of the property must be checked and signed with your lawyer in the notary office with the vendor( or his legally represented agent) present.This is when the property is paid for and the property is then legally yours.
Transfer tax of 7%-ITP is paid by the purchaser of the property. In the case of commercial property sold by a developer 16%vat plus 1% stamp duty is paid by the purchaser.
The notary and registration fees usually amount to between approx 1,000€ to1400€ depending on the valve of the property.
A purchaser should allow up to 10% to cover all costs on top of the price paid for the property,ie:legal fees, notary fees,vat,property registration.