Transaction costs are low in Libya
January 07, 2019
How high are realtors´ and lawyers´ fees in Lebanon? What about other property purchase costs?
|Stamp Duty||1% - 1.50%||buyer|
|Costs paid by buyer||3% - 3.50%|
|Costs paid by seller||0%|
|ROUNDTRIP TRANSACTION COSTS||3% - 3.50%|
| See Footnotes
Source: Global Property Guide
THE PROCESS OF BUYING PROPERTY
Footnotes to transaction costs table
Registration duty is levied on property sales at a flat rate of 2% on the property value.
Stamp duty is levied at a flat rate of 1.005% (1% plus 0.5% of the 1%, or 1.005%) on the contract value.