How to Buy a Property

Choose your apartment, penthouse or villa from the site plan Pay 5% deposit, refundable within 28 days. Thereafter, staged payments to match construction.

Property Purchase Procedure
1. Confirming an offer
2. The drafting of contracts
3. The exchanging of contracts
4. Completion of the sale
5. Payment of stamp duty
6. Registration of ownership

Purchase Costs
Advocates fees are regulated by statute. The approximate legal fees payable are between 0.6 and 1 percent of the purchase price exclusive of VAT and disbursement. A discount of 15% of the fees is allowed in law where the same lawyer acts for both the vendor and the purchaser. Stamp duty is payable by the buyer at the rate of 4% of the value of the property.

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