What are the purchase costs in Poland?
• The purchase costs vary according to the price of the property, with relative costs as a percentage of purchase cost decreasing the more expensive the property is. Stamp duty 2% This charge only applies to secondary market purchases. If you are buying on the primary market (i.e. a new build apartment from a developer), then instead the price will include VAT charged at 7%. Note – if you also buy a garage or parking space in a new development, VAT is charged at 22%, a different rate to that of the apartment Notary fees 1-1.5% The cost of the notary will vary depending on whether there is only one contract (a final contract) or also a preliminary contract. The cost of the notary agreement is normally flexible, and should be negotiated. The payment made to the notary will comprise several different costs: • – The cost of the notary, which can be negotiable. • – Court fees: up to 1000 PLN for the notary to register a new mortgage book entry for the apartment and the buyer, which will res
