Cost related to purchase

Summary of approximate costs:

Conveyance tax:

4 % of the property value stated in the Tapu Office. This is paid at one of the State Banks at the time of conveyance (the amount stated in the Tapu Office is lower than the real property value and approximately between 800-1500 Eur)

Fee at the Tapu Office:

Clerical expenses of the Tapu office. Costs for the Tapu transfer (sworn interpreter, processing & transfer)

Approx. 250 Eur

Giving Power of Attorney:

Approx. 100 Eur

Obtaining “Completion Report” - Iskan (Newly built properties only):

Approx. 350 Eur, depending on the size and the location.

Electricity:

New connection of electricity meter:

Approx. 150 Eur (once only)

Name transfer of an existing connection:

Approx. 60 Eur (once only)

Energy cost per kwh:
Approx. 0,10 Eur

Water:

New connection of water meter:

Approx. 150 Eur (once only)

Name transfer of an existing connection:

Approx. 60 Eur (once only)

Water cost per m3:

Approx. 0,75 Eur

Annually

Property tax: 0,1% of the property value declared by the local municipality (to be paid before the end of May each year).