Katy’s 1.5% answer is pretty close, neglecting the selling and buying real estate agent’s percentage, which can add up to 7% to the final price. Tax stamps and other sundry fees are documented here: . This does not include the cost of a Title Company search or Title Insurance, which shouldn’t be too much more than $1000.
The real killer is property taxes. We pay ~ 225 euros per year in Menorca for a property that is probably still worth ~120,000 euros. In Tampa, Florida, we would pay ~1,500 euros per year. Every county in Florida is different & you can explore here: .
Yes the property taxes have shot up. Our house in Naples is now rented. A bit unfair as citizens who live there year round get a massive deduction. Having said that we paid over 1200€ for our villa in Marbella plus 875€ for urbanisation street lighting etc.
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