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 |
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| 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 |
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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.