What are the minimum fees associated with the purchase of an apartment?
1) Brokerage fee – around 3-5% of apartment price. 2) Pension fund duty (depends on whether you are a foreigner and a first time buyer or not). 3) Drawing up all necessary documents and notary fees at least $100. 4) Duties for state registration of your purchase with government officials at least $10. 5) Government tax – 1% of property price. Real estate investors are closely watching politics and the upcoming 2006 parliamentary election in Ukraine. There has been talk of implementing a property appreciation tax of 13% for residents and 26% for nonresidents, effective at time of sale, which could significantly affect the market. This tax would be paid on the difference between the price the property was originally acquired for and the price it was sold for.
