Global Property Guide

Financial Information for Residential Property Buyers


Transaction costs are low in Libya

January 07, 2019

How high are realtors´ and lawyers´ fees in Lebanon? What about other property purchase costs?

Transaction Costs

Who Pays?
Registration Duty 2% buyer
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
Registration duty is levied on property sales at a flat rate of 2% on the property value.

Stamp Duty
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.

 

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.