By Vangjel Dhimo on February 25th, 2023
The remaining costs are identical for both new and secondhand properties and include:
NOTARY AND REGISTRY FEES TO PURCHASE A PROPERTY IN SARANDA
This depends on numerous factors and is usually calculated approximately, providing only a final bill after the sale. We would estimate 0.3% for both from the asking price to be on the safe side. If the price is €100,000, the payment would be €300.
FEES FOR BANK ACCOUNTS WHILE PURCHASING A PROPERTY IN SARANDA
To transfer cash to the seller or to issue bankers drafts. All transactions take happen in the public notary. To begin, when the parties agree, the buyer’s payment goes to the notary’s account in order for the procedure to be easy and secure, and once the property is transferred to the buyer’s name, then the money can be freely transferred to the seller. Banks take a little commission. This obviously varies based on the amount of payment, the bank you choose, and your client profile.
TECHNICAL DUE DILIGENCE FOR A PROPERTY TRANSACTION
It is not required, but it is a good idea to check the current state of installations such as air conditioning, heating system, and other features in the property when purchasing a secondhand home. Depending on the size of the property and the quantity of work to be done, the cost might range from 300€ to +2000€.
SOME FREQUENTLY ASKED QUESTIONS
WHAT ARE THE PROPERTY-BUYING RULES IN ALBANIA?
There are no limits or laws for purchasing property in Saranda, Albania regardless of whether you are a resident or a non-resident.
