MORTGAGE FEES (bank expenses)
There is a registration fee of ~1% of the amount secured, plus any relevant stamps. Local banks grant loans in the local currency as well as the foreign currency on your choice. Alternatively you can apply for a loan from any private bank abroad.

STAMP DUTY
The purchaser is liable for the payment of Stamp Duty at the rate of €1.71 per thousand up to the value of 170.860 and, thereafter, at the rate of € 3.41 per thousand. This duty should be paid within 30 days after the signing of the contract.

PROPERTY TRANSFER FEES (title deeds)
This covers the actual transfer of FREEHOLD ownership to your name and is due when the property is registered in your name at the Land Registry Office. This process is done following the Council of Minister’ approval.

The Property Transfer Fees are a once only payable expense to the Land Registry Office based on the following scale (excluding VAT):

Value of Property in €	Transfer fee Rate (%)
Up to 85.400	3%
From 85.430 to 170.860	5%
From 170.861 and over	8%