The real estate market

• Author: Hristova, Nataliya
• Pages: 57-61

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try Fiche Bulgaria

57

10. The real estat e mar ket

10.1 Tr ansaction cost s for sam ple transact ions

Ta ble 22: Tr ans act ion co sts VAT e xclu ded

Est ate

ag e nt 8

Te chn ical

serv ice s ( if

usu al) n ot

usua l

Lega l se rvice s

Land

re gister fe e

Tr ansfe r

tax / st am p

du ty

Tota l usual t ransf er cost s

€1 00,0 00 sales price

(n o m ort gage)

2 000 EUR

-

46 5.25 EUR

10 0 EUR

2 000 EUR

4 565. 25 EUR

€1 00,0 00 sales price

+ 10 0.0 00€

mort gage

2 000 EUR

-

46 5.2 5+ 46 5.2 5EUR

Or

465. 25+ 232. 63 EUR -b y

est ablishin g of law

mortgag e

10 0+ 100

EUR

2 000 EUR

5 130. 50 EUR

4 8797 .87 EUR

By estab lishi ng of law mort gage

€2 50,0 00 sales price

(no mor tgage)

5 000 EUR

-

77 1.25 EUR

25 0 EUR

5 000 EUR

11 02 1.25 EUR

€2 50,0 00 sales price

+ 25 0,0 00€

mort gage

5 000 EUR

-

77 1.2 5+ 77 1.2 5EUR

Or:

77 1.2+ 3 85.6 3 EUR b y

est ablishin g of law

mort gage

25 0+ 250

EUR

5 000 EUR

12 04 2.50 EUR

11 65 6.88 EUR

by esta blishing of law m ort gage

€5 00,0 00 sales price

(n o m ort gage)

10 00 0 EUR

-

1 026. 89 EUR

50 0 EUR

10 00 0 EUR

21 56. 89 EUR

€5 00,0 00 sales price

+ €5 00, 000

mort gage

10 00 0 EUR

-

1 026. 89 +1 026.8 9 EUR

Or:

1 026. 89+ 51 3.4 5 EUR -by

est ablishin g of law

mort gage

50 0+ 500

EUR

10 00 0 EUR

23 05 3.78 EUR

22 540 .53 EUR by establishing of

law mort gage

% VAT appl icable

20 %

-

20 %

-

-

-

The amoun t of est ate age nt cost s, as w ell th e am ount of t ransfer tax is calculat ed o n an averag e basis of 2 % ( See Table 2 1 –Fee regu lat ion and Table 2 4

–not es b elow) .

8 An agent usu ally rece ives a per cent age o f t he tra nsact ion valu e.