Selling Your Property? Watch the NEW small print!

TimothyCadman


Joined: 13/12/2007
Posts: 1040

Message Posted:
19/03/2008 12:57

For whatever reason you decide to sell; that the TRNC isn't for you anymore, or you wish to downsize, or liquidate your assests to gain more capital, you reluctantly agree to go Multi Agency and pay the 5%.



The new shock; we recently found out, is that it's 5% PLUS KDV (VAT). A total payout of 5.8%. That's an extra £1200 to pay out on a sale of £160,000.



So now, no doubt, that house prices will rise to match to try an keep the profit the same and new builds will also go up in price. I've already noticed that Squirrel Construction in Lapta have added £1,000 to the prices of their apartments.