Terms and Conditions
Transparency and trust are our top priorities at PMI Real Estate.
Here you will find our current Terms and Conditions, which clearly and comprehensively set out the legal framework for our services – from property brokerage to valuation.
Please read these carefully, particularly if you wish to buy, sell or enquire about a property through us.
Incidental costs
The ancillary costs described below are provided for guidance only. PMI Real Estate recommends that you always seek individual advice from a solicitor or tax adviser in the relevant country to clarify any specific legal or tax issues.
Information on additional costs when buying property in Austria
Please note that when purchasing a property in Austria, the following additional costs are incurred in addition to 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)
Information 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: graduated up to a maximum of approx. 0.20%
- • Land registry registration: approx. 0.15–0.35%
- • Legal fees: approx. 1–2% of the purchase price (subject to agreement)
- • Value Added Tax (VAT): 19% on new builds, 0% on existing properties (with a 5% reduction for a primary residence where applicable)
- • Additional individual fees (e.g. for permits for non-EU citizens) may apply.
We recommend consulting a local solicitor or tax adviser at an early stage.
Information on additional costs when buying property in Greece
When buying a property in Greece, the following costs should be taken into account:
- • 3% land transfer tax (on the notarial purchase price)
- • Notary fees: approx. 1–1.5%
- • Land registry or cadastral registration: approx. 0.5–0.7%
- • Solicitor’s fees: approx. 1–2%, depending on the agreement
- • Possible additional translation or approval costs for foreign buyers
We recommend consulting a local solicitor or tax adviser at an early stage.
Information on additional costs when buying property in Dubai
The following standard costs apply when purchasing property in Dubai:
- • 4% Dubai Land Department (DLD) transfer fee
- • 2% estate agent’s commission (typical, may vary)
- • Contract drafting/registration fee: approx. 0.25–0.5%
- • No Objection Certificate (NOC) fee: approx. AED 500–5,000 depending on the project
- • Trustee fees (Trustee Office): fixed at approx. AED 4,000 – 5,000
All figures are subject to local changes and depend on the project and the transaction structure. We recommend consulting a local solicitor or tax adviser at an early stage.
Information on service charges in Austria
When signing a tenancy agreement in Austria, the following service charges and one-off payments are payable in addition to the monthly rent:
- • Security deposit: Usually 3 months’ gross rent, as a security deposit. This is refunded upon the property being returned in good condition.
- • Estate agent’s commission for residential lets: max. 2 months’ gross rent plus 20% VAT (for open-ended tenancies or fixed-term tenancies of more than 3 years)
- • Estate agent’s commission for commercial rentals: By agreement, usually up to 3 months’ gross rent plus 20% VAT.
The letting of residential properties is carried out in accordance with Section 17a of the Estate Agents Act (MaklerG) on a ‘client pays’ basis.