Buying costs are low in Algeria
How high are realtors´ and lawyers´ fees in Algeria? What about other property purchase costs?
Transaction Costs |
||
| Who Pays? | ||
| Notary fees | 1% - 3% (+ 17% VAT) | buyer |
| Publication Fee | 1% |
buyer |
| Registration Fee | 2.50% 2.50% |
buyer seller |
| Costs paid by buyer | 1.17% - 7.01% | |
| Costs paid by seller | 2.50% | |
| ROUNDTRIP TRANSACTION COSTS | 3.67% - 9.51% | |
| See Footnotes Source: Global Property Guide |
||
How difficult is the property purchase process in Ageria?
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Footnotes to Transaction Costs Table
The round trip transaction costs include all costs of buying and then re-selling a property - lawyers´ fees, notaries´ fees, registration fees, taxes, agents´ fees, etc.
Notary Fee
Notary fees are around 1% to 3% of the property value, plus 17% Value Added Tax (VAT).
NOTARY FEE |
|
| PROPERTY VALUE, DZD (US$) | RATE |
| Up to 500,000 (US$4,545) | 3% |
| 500,000 - 1,000,000 (US$9,091) | 2% |
| Over 1,000,000 (US$9,091) | 1% |
| Source: Global Property Guide | |
Publication Fee
Publication fee is around 1% of the property value.
Registration Fee
Registration fees are around 5% of the property value and it is split equally between the buyer and the seller.