Who Decides On The Real Estate Price?
How much do I pay in addition while purchasing an apartment? What do the additional payments refer to?
Purchase of the apartment, both on your own and via the Broker involves some additional expenditure.
It is customary that additional costs are borne by the buyer. In the case of real estate purchase, the additional costs will include notarial fees, fee on civil law transactions and court fees related to the entry of a new owner into the land and mortgage register. The fee on civil law transactions of 2% of the real estate value is collected by a notary public and then transferred to the Tax Office. Notarial rates for drawing up an act of alienation is regulated by the Regulation of the Minister of Justice where the maximum rate is specified. The above amount is increased by the cost of extracts from notarized deeds i.e. PLN 6 per each extract page. In addition, the notarial rates and payments for extracts are increased by 22% of VAT. Furthermore, upon signing of a notarized deed referring to the land and mortgage register entry, you will pay a court fee at the notary's. The fee rate is regulated by the Regulation of the Minister of Justice of 29 June 2004 (J. of Laws No. 148, item 1564 with later amendments). When the right in property, perpetual usufruct or cooperative rights are entered into the land and mortgage register, the notary public will charge you with one-fifth of the claim value dependent fee.
The total amount of the claim value dependent fee in the civil case equals:
up to 3000 zł - 100 zł;
between 3000 zl and 10000 zł - 100 zł + 3% from the amount above 3000 zł;
between 10000 zł and 30000 zł - 310 zł + 2 % from the amount above 10000zł;
between 30000 zł and 60000 zł - 710 zł + 1 % from the amount above 30000 zł;
between 60000 zł and 1000000 zł - 1010 zł + 0,5 % from the amount above 60000 zł;
over 1.000.000 zł - 5.710 zł + 0,25% from the amount above 1.000.000 zł