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REAL ESTATE COMMISSIONS THROUGH EUROPE - PART TWO

10.05.2018
We will also reveal real estate commissions from other countries through Europe - Poland, Norway, Iceland, Czech Republic, Ukraine, Monako, Sweden etc.

 

COUNTRYBUYER COMMISSIONSELLER COMMISSIONVAT
CZECH REPUBLIC

2.0-5.0 

2.0-5.021
POLAND 5.02.5-3.023
UKRAINE1.01.0-5.018
SLOVAKIA1.01-1.603.0-6.020
BOSNIA AND HERZEGOVINA3.0-5.0-17
BULGARIA0.10-3.02.5-3.520
MONTENEGRO-3.0-6.019
    
MACEDONIA2.0-4.02.018
ALBANIA1.02.0-
RUSSIA2.0-5.0-18
CYPRUS-3.0-8.0-
MALTA3.55.018
FINLAND-2.5-5.024
NORWAY-1.0-2.525
DENMARK1.23-3.233.0-5.025
ICELAND2.4-3.41.5-2.524
SWEDEN2.0-10.03.0-5.025
LIECHTENSTEIN-3.0-
LUXEMBOURG-3.017
MONACO3.05.019.6
LATVIA-2.0-5.021
ESTONIA2.0-4.0-20
LITHUANIA1.5-3.0-21
GEORGIA2.0-6.06.030
IRELAND1.0-3.51.0-3.523
UK-2.0-6.0-

 

 

CZECH REPUBLIC:

In the Czech Republic, the seller and buyer pay an average of 2.0-5.0% of the real estate commission. How much they have to pay depends to a large extent on the property company or the conditions agreed between the buyer and the seller. 21% VAT is also charged.

The commission on expensive real estate is sometimes lower, namely 1%.

 

POLAND:

In Poland, the buyer pays 5% commission and the seller is 2.5-3.0%. 23% commission is charged.

 

UKRAINE:

In Ukraine, the buyer pays 1% and the seller 1.0-5.0% of commission. VAT on real estate sales is 18%.

 

SLOVAKIA:

In Slovakia, the buyer pays 1.01-1.60% and the seller 3.0-6.0% of commission. 20% VAT is added.

 

BOSNIA AND HERZEGOVINA:

In Bosnia and Herzegovina, the buyer pays 3.0-5.0% and the seller does not pay anything. VAT is 17%.

 

BULGARIA:

In Bulgaria, the buyer pays 0.10-3.0% and the seller 2.5-3.5% of commission. 20% VAT is charged.

 

MONTENEGRO:

In Montenegro, buyers do not pay for the services of a real estate agent. The payment, usually from 3% to 6% of the property price, is paid by the seller. VAT is 19%.

 

MACEDONIA:

In Macedonia, the buyer pays 2.0-4.0% and the seller 2.0% of commission. 18% VAT is charged.

 

ALBANIA:

In Albania, no real estate sales tax is charged. Only commission is paid, namely the buyer 1.0% and the seller 2.0%.

 

RUSSIA:

In Russia, just the buyer pays 2.0-5.0% of commission. 18% VAT is added.

 

CYPRUS:

In Cyprus, the buyer does not pay a commission, and the seller pays 3.0-8.0%. In many cases, the real estate commission is 5%. No VAT is charged.

 

MALTA:

In Malta, the buyer pays 3.5% of commission and the seller 5.0%. 18% VAT is charged.

 

FINLAND:

In Finland, commissions vary from 3% to 5%. This is often paid only by the seller.

 

NORWAY:

In Norway, the buyer does not pay a commission, and the seller pays 1.0-2.5%. 25% VAT is charged.

 

DENMARK:

In Denmark, the buyer pays 1.23-3.23% commission and the seller 3.0-5.0%. VAT is 25%.

 

ICELAND:

In Iceland, the buyer pays 2.4-3.4% commission, and the seller 1.5-2.5%. 24% VAT is charged.

 

SWEDEN:

In Sweden, the buyer pays 2.0-10.0% commission and the seller 3.0-5.0%. VAT is 25%.

 

LIECHTENSTEIN:

In Liechtenstein, the buyer does not pay a commission, and the seller pays 3.0%. VAT is not charged.

 

LUXEMBOURG:

The same is true of Luxembourg as for Liechtenstein. The commission is paid only by the seller, namely 3.0%. VAT is 17%.

 

MONACO:

In Monaco, the buyer pays 3.0% and the seller 5.0%. VAT is 19.6%.

 

LATVIA:

In Latvia, the seller almost always pays the commission.

There are no regulations that would regulate real estate commissions, therefore a sales contract will determine a commission, which usually amounts to 2% to 5% of the value of the property. VAT is charged at 21%.

 

ESTONIA:

In Estonia, the buyer pays a 2.0-4.0% of commission and the seller does not pay anything. VAT is 20%.

 

LITHUANIA:

In Lithuania, only a buyer pays a commission, namely 1.5-3.0%. VAT is 21%.

 

GEORGIA:

In Georgia, the buyer pays 2.0-6.0% commission and the seller 6.0%. High VAT is charged, namely 30%.

 

IRELAND:

In Ireland, the buyer and seller pay each 1.0-3.5%. VAT is 23%.

 

UNITED KINGDOM:

In the United Kingdom, commissions are lower than in other countries. The buyer pays 0.5-3.5% and the same percentage is paid by the seller. VAT is 20%.

There are no regulations for real estate commission. It is agreed between the client and the agent or determined with competitive prices.

 

Source of article: Tranio

Source of picture: Realty Biz News

#1 - REAL ESTATE COMMISSIONS THROUGH EUROPE - PART TWO