General Terms and Conditions (GTC)
Transparency and trust are our top priorities at PMI Real Estate.
Here you will find our current General Terms and Conditions (GTC), which clearly and comprehensively set out the legal framework for our services – from property brokerage to valuation.
Please read them carefully, particularly if you wish to buy, sell or enquire about a property through us.
Incidental acquisition costs
The additional costs described below are for guidance only. PMI Real Estate recommends, in any case, that you seek individual advice from a solicitor or tax adviser in the relevant country in order to clarify the specific legal and tax implications.
Note on additional costs when buying property in Austria
Please note that when purchasing a property in Austria, the following additional costs are incurred on top of the purchase price:
- • 3% estate agent’s commission plus 20% VAT.
- • 3.5% land transfer tax
- • 1.1% registration fee for the land register
- • Contract drafting costs with a solicitor or notary of your choice (depending on the work involved)
Note on additional costs when buying property in Cyprus
When purchasing a property in Cyprus, the following additional costs apply (for both EU citizens and international buyers, depending on the region and the purchase price):
- • Stamp duty: on a sliding scale up to a maximum of approx. 0.20%
- • Land registry entry: approx. 0.15–0.35%
- • Legal fees: approx. 1–2% of the purchase price (depending on the agreement)
- • Value added tax (VAT): 19% on new builds, 0% on existing properties (possibly with a 5% reduction for first-time buyers)
- • Further individual fees (e.g. for authorisations for non-EU citizens) may apply.
We recommend consulting a local lawyer or tax adviser at an early stage.
Note on additional costs when buying property in Greece
When buying a property in Greece, the following costs must be taken into account:
- • 3% land transfer tax (on the notarised purchase price)
- • Notary fees: approx. 1–1.5%
- • Land registry or cadastral registration: approx. 0.5–0.7%
- • Legal fees: approx. 1–2%, depending on the agreement
- • Possible additional translation or authorisation costs for foreign buyers
We recommend consulting a local lawyer or tax adviser at an early stage.
Note on additional costs when buying property in Dubai
In Dubai, the following standard costs are incurred when purchasing a property:
- • 4% Dubai Land Department (DLD) transfer fee
- • 2% estate agent commission (typical, may vary)
- • Contract preparation/registration fee: approx. 0.25–0.5%
- • No Objection Certificate (NOC) fee: depending on the project, approx. AED 500–5,000
- • Trustee Office fee: fixed at approx. AED 4,000–5,000
All figures are subject to local changes and depend on the project and transaction structure. We recommend consulting a local lawyer or tax adviser at an early stage.
Note on incidental rental costs in Austria
When entering into a tenancy agreement in Austria, the following additional costs and one-off payments are incurred in addition to the monthly rent:
- • Deposit: Usually 3 months’ gross rent, as a security deposit. This will be refunded upon the property being returned in good condition.
- • Estate agent’s commission for residential tenancies: max. 2 gross monthly rents plus 20% VAT (for open-ended contracts or contracts with a term of more than 3 years)
- • Estate agent’s commission for commercial lets: By agreement, usually up to 3 gross monthly rents plus 20% VAT.
The brokerage of rented flats is carried out in accordance with Section 17a of the Real Estate Agent Act (MaklerG) in accordance with the buyer principle.