Buying this as a new build
The apartments are being sold off plan at launch prices, and no date has yet been given for the start of work or for handover. You pay 15 per cent of the price when you sign, a further 5 per cent in twelve monthly payments, and the remaining 80 per cent when you receive the keys. IVA is added at 10 per cent, the rate for a new home.
What the lowest-priced home costs in full
- Starting price
- €220,000
- VAT (IVA), 10%
- €22,000
- Stamp duty (AJD), 1.2%
- €2,640
- Your lawyer, about 1% plus VAT
- €2,662
- Notary, land registry and administration
- about €2,100
- Estimated total
- €249,402
An estimate, at the rates in the cost guide. The lawyer’s, notary’s and land registry fees vary with the price and the deed, and a mortgage adds the bank’s own costs.
Most of the homes here are one bedroom apartments of almost the same size, priced between €220,000 and €230,000 according to where they sit in the building. I compare them with resale flats of a similar size in the surrounding streets, give you a straight view of which offers the better value, and negotiate on your behalf. An independent lawyer, whom I introduce you to, checks the building licence and the bank guarantee that has to cover the payments you make before completion.
Get in touch and I will talk you through it. Buying with me sets out how I work.