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Macedonia real estate agents

Advice Buying Properties For Sale Macedonia Real Estate Property Buyers Guide



You have found a property you wish to purchase in Macedonia what next?

Macedonia PropertyMacedonia Property Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.
Purchasing property in Macedonia.

Macedonia is a land locked country within the Balkan Peninsular, with Serbia to the north, Albania to the west, Greece to the south and Bulgaria to the east.
Macedonia's capital Skopje has 500,000 inhabitants with numerous other towns and villages within Macedonia. 50 natural and artificial lakes and 16 mountains above the height of 2000m.Macedonia offers you, many diversities within a small country.

Purchase of Macedonia real estate
Foreign nationals are not permitted to purchase land in Macedonia, but are permitted to freely purchase Macedonia property (i.e. apartments and other Macedonia property) subject to the reciprocity rule and the approval from the Macedonia Ministry of Justice.

The purchaser must first secure a non-encumbrance certificate for the property they wish to purchase from the Macedonia First Instance Court.
The seller on his part should secure a copy of the Properties Title Deed, as well as the registration of real property from the Macedonia Department of Cadastre.
Macedonian law stipulates that a lawyer is the only person enabled to prepare the "contract of sale" which is signed by both parties, both parties agreeing on the terms and conditions.
The contract of sale is then presented to the public Revenue Authority for payment of the sales tax on the property in question.
When the required taxes have been paid, the sale agreement is verified by a Notary Public who in turn will notify the Department of Cadastre about the change of ownership.
Your Lawyer in Macedonia will then apply for registration into the Cadastral Office for the new title deed, this can take up to 60 days to achieve.
It will take an average of 12 weeks to complete the procedure of registering a property in a new name in Macedonia.
Costs of purchasing property in Macedonia
The purchaser is responsible for the following costs
1 Agents Commission 2%
2 Notary Fee 1%
3 Non-encumbrance Certificate fee 0.3%
4 Registration fee 0.1%
TOTAL 3.4%
The seller pays the Sales Tax 3%.

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These guidelines are meant for guidance only and describe straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.



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