Property Transfer Fees Explained (2025): Closing Costs You Should Expect
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Property Transfer Fees Explained (2025): Closing Costs You Should Expect
Closing costs are the extra amounts you pay on top of the purchase price. They include taxes, notary and registry fees, legal review, bank/FX charges, surveys, and insurance. Use the single table below to plan your budget and avoid surprises.
Closing costs — one simple table
| Cost item | Typical range | Who usually pays | What it covers / Notes |
|---|---|---|---|
| Transfer tax / stamp duty | 3–10% | Buyer | Tax on resale transactions; brackets may apply |
| VAT on new build (if applicable) | Jurisdiction-specific | Buyer | Check if the list price already includes VAT |
| Notary & registry fees | 0.2–1.0% | Buyer (often) | Deed execution and land register entry; sometimes split |
| Legal counsel | 0.5–1.5% | Buyer | Contract and title review; drafting and checks |
| Bank & transfer fees | 0.1–0.5% | Buyer | Wires, intermediary banks, MT103 copies |
| FX spread (currency exchange) | 0.2–2.0% | Buyer | Difference between mid-market rate and your bank’s rate |
| Technical survey / inspection | 0.1–0.5% | Buyer | Condition check, certificates, hidden defects |
| Insurance (first year) | Variable | Buyer | Structure/contents cover where required |
| Seller’s loan discharge | Flat/variable | Seller | Clears the seller’s mortgage so title is clean |
How to estimate quickly
Rule of thumb: Resale deals: plan for 5–9% on top of price (tax + fees). New build with VAT can be higher — confirm if VAT is included in the list price. Always write who pays each item into the contract.
Worked example (illustrative)
Price 300,000. Transfer tax 6% = 18,000. Notary/registry 0.6% = 1,800. Legal 1% = 3,000. Bank/transfer 0.3% = 900. FX spread 0.7% ≈ 2,100. Survey 0.3% ≈ 900. Total ≈ 26,700 (≈ 8.9% of price).
Documents to collect for closing
Final contract/deed; completion statement/invoice; proof of tax payments; notary and registry receipts; bank MT103 copies; FX confirmations; technical survey report; insurance binder; (if needed) sworn translations or apostille.
Budgeting and avoiding overruns
Ask for a full list early. Get a written estimate of taxes and fees at offer stage and keep it updated. Lock FX where needed. For large transfers, compare rates and plan the value date. Match payment text. Align the wire narrative with your contract or invoice to avoid compliance holds. If you want a quick review of your draft budget and document flow, learn more about our advisory support for real estate.
Common mistakes (and quick fixes)
Confusing VAT and transfer tax → confirm regime for your property type before signing.
Assuming the seller pays notary/registry → verify local practice and write it into the contract.
Ignoring FX timing → plan value dates; avoid last-minute rate swings.
No MT103 proof → request it from your bank for each transfer; store copies with the deed.
FAQ
Are closing costs negotiable? Some are (legal fee, who pays notary), taxes are not.
Can I finance closing costs? Rarely; banks usually finance the property price only.
What if costs change on completion day? Use a completion statement and agree adjustments in writing.
Next steps
If you want a clear budget and a synced document flow from offer to registry, explore our services for end-to-end coordination.
VelesClub Int. supports buyers with compliant payments, due diligence, and coordinated closings worldwide.
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