Apartment purchase in Poland

Yeah right. Is "notary deal" in Poland still like 2%-3% of the whole transaction? I would prefer to buy a home in Mexico than to pay so much for a notary signature. It's a steal - shame on you, the Polish government.

Thank you for getting this thread started and all of the helpful info that has been added. We are also in the market. This is a big help.

fiodor,

You pay the notary in the same way that you pay a solicitor. He is responsible for any search that has to be made and therefore responsible if things should go wrong.

Is a solicitor free ? No

Wait, so does it mean in Poland the notary does the real estate agent's job? How come he's called notary then? So when I want to buy an apartment in Poland I first need to go to the notary and he will give me a list of available properties and will drive me around the city to show each apartment? So you don't have real estate agents in Poland (like in the US?)

fiodor,

Just had a chat. He's not responsible for a search. Sorry.

The notary is responsible for the document which shows that both parties agree on specific aspects of the sale.

Fiodor,

'search' doesn't mean search for property. It means search 'the history of the property'

Sorry, If I misunderstand you.

Well, that's exactly what I thought. So a notary is just another middle-man who takes a chunk of the money for a signature (plus some paper work).

In the US you don't even have to have an agent - you can just pay $300 for being listed in MLS (the national database of properties in the US) and then just wait for calls from real estate agents. When you sell, you only pay about 2-2.5% of the total amount to the SELLER's agent (if you had your own agent you'd have to pay him/her about 2% too). Plus, you hire an attorney to seal the deal at closing (the attorney's cost is about $350).

So in Poland you waste 2% or more just for a notary -- it is a big amount of money... Plus a commission to your real estate agent + a commission to the seller's estate agent.

the apartament i am purchasing is from my mom friend . notary is checking all the papers but i just learn that i have to have a permit from ministry of interir and administraton .what is this all about ? nobody ever told me that before is this for real????????????

Bernadetem, are you not living in the EE? Where are you from, please read this document, see if any of it applies to you.....

http://www.mswia.gov.pl/index_eng.php?dzial=20&id=60&search=159145

Can I ask Bernadetem if you would post a template "report" as in my first post on this thread, to inform us all of how you 've gone about it and your experience to date?

I would really appreciate that and I am sure the rest of the guys posting on this thread would too!

I know it will take a little time to do, but everyone would benefit, let me know if you can help us all!

Lef, can you give us some examples of this....ie whats quoted off an estate agents web site and what you'd buy in the same town for the same money via a private sale?

Would appreciate that!

Fiodor,

Its the law to use a notary( its the same in France...perhaps other European countries too?), he has to ensure all taxes, stamp duty and other fees, plus the property is correctly recorded and registered on behalf of the state - so in effect he's a quasi-legal figure, but MUST be involved.

You can use him with an estate agent or also with a private seller - naturally you don't pay a percentage to the private seller, but you do to an estate agent!

PS I stand to be corrected on any of the above points by local Polish posters!!!!.....

Old Punk....where have you been !!!!?????......

Fill us wannabe Polish property magnates as to your experiences or indeed your aspiration regarding buying something in Poland!

So does anybody know how much exactly this Polish notary thing costs? I've heard that's a lot (and being a notary in Poland is like winning a lottery), but don't know the exact numbers when you buy an apartment...

According to this article....its 2-2.5% of the value...perhaps again local Polish people can verify?

channel4.com/4homes/buyingabroad/countryguides/cg_poland-2.html

Not sure if its my particularly crappy computer guys, but it freezes when searching on the Channel 4 site....you have been warned!!


PS Bloody Microsoft!

Buying a new flat.

When you buy a 'new build' flat in Poland it doesn't come with fixtures and fittings.

The type of flooring you choose, doors, bathroom fittings + tiles, kitchen are additional items. You buy a new build and then find someone or a company to finish the work.

Also, it's not very often that flats and houses are completed on time. Add to this the extra work needed and you'll find yourself moving in at least two or three months later than you thought.

Houses.

There are many houses on the market that are half built: i.e. The owner has run out of money and wishes to sell.
If the house was built by someone in his free time. Make sure that you check the original plans and also check to see if building regulations have been followed.


This one is simple.

Buy a small expensive flat in the city or a big house [which needs some repair] in the country. Same price.

Spritus, when checking these auction sites, can you tell me what percentage of homes are sold on these sites....on other sites homes are advertised for more than 2 years...and still not sold..

I am not so sure if you are right about notary.

I think that notary charge and some extra tax is about 0.1% .

2% is eqivalent of stamp duty - it is tax that notary charges when cotract is signed and later send to Inland revenue.

But...if you buy new property from developer you don't pay this 2% at all.

2%-2.5% is estate agent charge and his does all checking for customer.

I want to buy buy new flat so it will save me about 4-5% costs.

According to this article....its 2-2.5% of the value...perhaps again local Polish people can verify?




"On a new-build property 7% VAT is levied. It is customary for the buyer to pay the notary’s fees (which include all taxes to be paid) of approximately 2-2.5% of the purchase price. "

It is not very clear in this article but it is stamp duty for second hand flats ( and houses???? I am not sure about houses)

But in England people also pay 2%- not much difference.

Ok, guys so their are some queries regarding the duties/percentages involved in both new property transactions and 2nd hand homes, can someone ask a notary what their actual fees are?

Or maybe there is an official sliding scale of charges/duties that all notaries charge, perhaps copy it onto the board?

Appeals to Polish posters!

Sorry Lef but there's no way of me knowing what the "sales figures" are. I'm not associated with any of these auction sites.

Which other sites were you referring to ?

Frank........... you should have had another e-mail.

Everyone..........You will get an answer to your notary fee question tomorrow. I'll make the call in the morning.

Ok, guys so their are some queries regarding the duties/percentages involved in both new property transactions and 2nd hand homes, can someone ask a notary what their actual fees are?

Or maybe there is an official sliding scale of charges/duties that all notaries charge, perhaps copy it onto the board?

Appeals to Polish posters!


I found but it is in polish- second line says podatek od czynnosci cywilno-prawnych - it is 2% -it is stamp duty

No all charges there always apply

http://www.money.pl/banki/kalkulatory/koszty/

Thanks Wroclaw/Iwona....for your help...again, can you get us sample costs for each etc....looking forward to it...no e-mail yet Wroclaw........

We have looked into prices in Warsaw and Krakow. I am broker in the USA. Interested in a investment in Poland.

if you buy property for 300 000 PLN ( about 50 000 GBP)

Cena transakcyjna: PLN 300000
Podatek od czynności cywilnoprawnych: PLN-stamp duty 2% 6000.00
Taksa notarialna (opłata notarialna): PLN notary charge 2210.00
VAT od taksy notarialnej (opłaty notarialnej): PLN vat of not charg 486.20
Opłata sądowa: PLN -court charge 200.00
Wniosek do wydziału Ksiąg Wieczystych- kind of court charge 200.00
oraz wypisy aktu notarialnego - około: PLN
Prowizja agencji nieruchomości: 2.5 % % PLN real estate 7500.00
Suma opłat dodatkowych: PLN
RAZEM (cena + opłaty): PLN together 16596.20


no stamp duty if new property. real etate is max here 2.5% could be less.
I think taht lotsl polish peopel stll buy without real easte service

sorry for my bad spelling I was in rush.

This is after a phone call.

The costs mentioned were from 3% down to 1%.

The higher the price of the property the lower the percentage.

There are hidden costs which the notary [we phoned] would only discuss in person.

It makes no difference if it is a new build or not.

Wroclaw,

I think that when you buy new flat built by developer you don't have to pay 2%- podatek od czynnosci prawnych.