The term "roundtrip costs" covers the expenses incurred during the purchase and subsequent sale of a property. These costs typically comprise transfer taxes, stamp duty or registration fees, notary expenses, and legal fees. For more detailed information, kindly select the relevant country.
Please note that the cost estimates provided in this table are based on average values from our research. Since every property transaction is unique, it is advisable to seek guidance from a legal professional to accurately determine your tax liabilities and other related expenses.
Transaction Costs Compared (60+ Countries)
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|Roundtrip Cost: total cost of buying and then selling a property
Our method for calculating transaction costs.
Some transaction costs are difficult to quantify. Others are very subjective. For the purpose of our research we focus on four major costs:
- Registration costs are the fees and taxes incurred in registering the property with the competent land cadastre or registry. These include registration fees, stamp duties, and notary fees.
- Real estate agent fees best capture various search costs. Real estate agent acts as a middleman in a property purchase, matching buyers with sellers, acting as intermediary in price negotiations. They typically assist buyers during the registration process.
- Legal fees are paid to lawyers or to the conveyancer in the preparation of sales and purchase agreement. In some countries, the use of lawyers is mandatory. Lawyers are typically asked to ensure that there are no liens on the property. Legal fees are different from notary fees.
- Sales and transfer taxes are imposed by local and national governments on the sale and purchase of real estate. They include Deed Taxes, Transfer Taxes and Value-added Tax (VAT).
Other incidental costs such as survey fees, acquisition fee for tax number or residency permit or costs for setting up a company are not included in our calculation, for various reasons. Annual property taxes and capital gains taxes are also not included, although they are typically paid before the property is registered.