REAL ESTATE COMMISSIONS THROUGH EUROPE - PART TWO
|COUNTRY||BUYER COMMISSION||SELLER COMMISSION||VAT|
|BOSNIA AND HERZEGOVINA||3.0-5.0||-||17|
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%.
In Poland, the buyer pays 5% commission and the seller is 2.5-3.0%. 23% commission is charged.
In Ukraine, the buyer pays 1% and the seller 1.0-5.0% of commission. VAT on real estate sales is 18%.
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%.
In Bulgaria, the buyer pays 0.10-3.0% and the seller 2.5-3.5% of commission. 20% VAT is charged.
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%.
In Macedonia, the buyer pays 2.0-4.0% and the seller 2.0% of commission. 18% VAT is charged.
In Albania, no real estate sales tax is charged. Only commission is paid, namely the buyer 1.0% and the seller 2.0%.
In Russia, just the buyer pays 2.0-5.0% of commission. 18% VAT is added.
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.
In Malta, the buyer pays 3.5% of commission and the seller 5.0%. 18% VAT is charged.
In Finland, commissions vary from 3% to 5%. This is often paid only by the seller.
In Norway, the buyer does not pay a commission, and the seller pays 1.0-2.5%. 25% VAT is charged.
In Denmark, the buyer pays 1.23-3.23% commission and the seller 3.0-5.0%. VAT is 25%.
In Iceland, the buyer pays 2.4-3.4% commission, and the seller 1.5-2.5%. 24% VAT is charged.
In Sweden, the buyer pays 2.0-10.0% commission and the seller 3.0-5.0%. VAT is 25%.
In Liechtenstein, the buyer does not pay a commission, and the seller pays 3.0%. VAT is not charged.
The same is true of Luxembourg as for Liechtenstein. The commission is paid only by the seller, namely 3.0%. VAT is 17%.
In Monaco, the buyer pays 3.0% and the seller 5.0%. VAT is 19.6%.
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%.
In Estonia, the buyer pays a 2.0-4.0% of commission and the seller does not pay anything. VAT is 20%.
In Lithuania, only a buyer pays a commission, namely 1.5-3.0%. VAT is 21%.
In Georgia, the buyer pays 2.0-6.0% commission and the seller 6.0%. High VAT is charged, namely 30%.
In Ireland, the buyer and seller pay each 1.0-3.5%. VAT is 23%.
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