We calculate below total transaction costs, i.e., the costs of buying a property plus the costs of selling. Click on the country name for more details.

Transaction Costs Compared

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* Click countries for in-depth coverage. Click headers to sort the data

Country Roundtrip Cost: total cost of buying and then selling a property
Albania
Algeria
Andorra
Anguilla
Antigua
Argentina
Aruba
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Bermuda
Bolivia
Botswana
Brazil
BVI
Bulgaria
Cambodia
Canada
Cape Verde
Cayman Is.
Chile
China
Colombia
Costa Rica
Croatia
Cyprus
Czech Rep.
Denmark
Dominica
Dom. Rep.
Ecuador
Egypt
El Salvador
Estonia
Fiji
Finland
France
Fr. Polynesia
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guadeloupe
Guam
Guatemala
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kenya
Latvia
Lebanon
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia
Malaysia
Malta
Martinique
Mauritius
Mexico
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Myanmar
Namibia
Nepal
Netherlands
Neth. Antilles
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
PNG
Paraguay
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Reunion Is.
Romania
Russia
Senegal
Serbia
Seychelles
Singapore
Slovak Rep.
Slovenia
South Africa
South Korea
Spain
Sri Lanka
St Kitts and Nevis
St Lucia
St Martin
St Vincent & G
Sweden
Switzerland
Taiwan
Tanzania
Thailand
Trinidad & T.
Tunisia
Turkey
Turks & C. Is.
Uganda
Ukraine
UAE
UK
USA
Uruguay
US Virgin Is.
Uzbekistan
Vanuatu
Venezuela
Vietnam
Zambia
Zimbabwe

The Global Property Guide provides transaction costs in two formats:

  1. Transaction costs as a range.

    We give a range because the costs paid by the buyers and sellers vary widely. Agentsand lawyers costs are often negotiable. Purchasers of expensive properties often pay proportionately less registration fess than purchasers of new properties. The reasons for the variation are explained in detail in the footnotes.

    Transaction costs as a range example: Philippines

  2. Transaction costs 'typical case'.

    We provide 'typical case' transaction costs in order to allow comparison between different countries. For comparisonthe following assumptions are adopted:

    1. The property purchased by a non-resident in the country where he/she is buying.
    2. The property worth USD 250,000 (€ 250,000 for Europe).
    3. Is paid in cash.
    4. Is a condominium located in a major city.

    Transaction costs comparison example: Asia

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.

Sources

Global Property Guide Research, with inputs from local real estate agents, government agencies, and World Bank Doing Business

.