By Vangjel Dhimo on February 25th, 2023
Following the acquisition of a property in Saranda, the following actions must be taken to guarantee that all taxes are paid and your property ownership is recorded. This phase would be completed with the assistance of our company.
People must realize that the expenses spent to acquire the property are not the only costs that must be paid, and that extra fees will be paid once the property is purchased. Our website contains an educational article about the purchase taxes and fees associated with buying a house in Saranda even though we live in a tax heaven. Furthermore, we have a section dedicated to basic tax guidance and other resources that we recommend reading.
CLICK HERE TO LEARN MORE ABOUT TAXES
REGISTERING YOUR HOME
As previously stated, you must ensure that the name and bank information on any past utility and community invoices are updated to your information. We are once again responsible for ensuring that everything goes well and without requiring too much of your time. We look after for the registration of your property after the contract and it usually takes for us 2 weeks.
OWNERSHIP OF A PROPERTY
Now that you own a property in Saranda, here is some useful information on the costs you will experience as a homeowner:
EXPENSES FOR PROPERTY MAINTENANCE FEES
The size and kind of the property affect the maintenance costs (cleaning, repairing, reforming, utility bills, waste collection, and so on). A huge villa with a garden and pool will cost significantly more to maintain than a tiny apartment. Minimum to the maximum for luxurious apartments is from 250-350 euros per year.
PROPERTY OWNERSHIP TAX
The tax rate is 0.065% of the value of the villa/apartment, generally 50-100 euros each year, based on the cadastral value imposed by the town hall.
PERSONAL INCOME TAX
People who own property in Saranda and rent it out then they will be subjected to an income tax of 15%, which is affected by whether or not the property is rented out. However, you can consult with our property experts who have an extensive experience in the financial field and they would be more than happy to help you reduce your taxes legally in different ways. For example, you may reduce your net income by including all of the rental charges that can be subtracted in any case like repairs and maintenance costs of the property.
CONCLUSION
Before you even consider buying a house in Saranda, you must have everything organized and thoroughly understand the Albanian purchase procedure. This may appear to be confusing, and there is a lot of information to consider during the buying process. This is why having an experienced and trustworthy real estate agent at your side to help you through the process and provide emotional support is critical. Someone with whom you connect and feel at ease, your realtor should be viewed as your very own professional matchmaker who will present you with your dream property, and that is an Elite realtor.
