Are there additional costs when purchasing property?

For most developers and projects, all taxes are typically included in the purchase price, and investors do not need to pay anything extra!

Sometimes, a developer may list the VAT (Value Added Tax) separately at 11% to keep their project prices competitive. This should be clarified with the developer in advance and considered when reviewing the financial model of the project.

Additionally, we recommend that investors conduct Due Diligence on the project and developer with an independent notary (if the agency has not already done so). This can also lead to additional costs, which vary depending on the reputation of the notary.

It’s important to consider transaction fees, which can vary depending on the method of funds transfer.