NOT A USER YET? SIGN IN

SECOND PART OF AN ARTICLE ABOUT REAL ESTATE COMMISSIONS THROUGH EUROPE

10.05.2018
As we promised you in the first article, we will also reveal real estate commissions from other countries through Europe. To refresh the memory from the first article, we remind that each country has its own rate of real estate commission paid by the buyer or real estate seller or paid by both. In most countries, a tax on real estate transactions is added to the commission. Slovenia is one of these countries, because we have a 22% VAT on real estate brokerage. In Slovenia is with Law on real estate brokerage specified that is allowed that the real estate agencies charge the most 4% of commission, so in most cases, the buyer and the seller pay 2%.

 

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 - SECOND PART OF AN ARTICLE ABOUT REAL ESTATE COMMISSIONS THROUGH EUROPE