| Decide
on your property of choice, we take care of the rest
Our aim at SEP is to provide a straightforward
purchasing solution to our clients. Just follow our three-step
process:
1. Once a potential
investor contacts us, we arrange a one-to-one meeting to discuss
specific requirements and make available an investment pack
with lay-out options and pricing structures.
2.
Legal and financial considerations & contracts are
then dealt with in conjunction with the client
3.
The final step is the provision of a fully-furnished, fully-fitted
rented property with the option of a property management service.
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Purchase Considerations
- All prices quoted by the company
are in PLN (Polish zloty), and are inclusive of VAT, Fixtures, Fittings & Furnishings
and Parking, making the transaction a less complicated turn-key operation.
- All real estate transactions in Poland are,
however, subject to certain costs. The total cost for the
additional fees is approximately 3% of the purchase price of the property. These fees include: Legal and Administration Fees, Court Entry Fee (covers the authenticity
of development ownership) and Notary Fees.
- Financial Advice – at SEP we
strongly recommend our clients to obtain independent financial
advice before raising money for the purchase and that
sufficient funds are available at the appropriate time in
the agreed currency. In order to assist our clients in this
process, we can recommend several banks, mortgage brokers and professional financial advisers, including BZWBK, a Polish bank
owned by AIB.
- Legal Advice – at SEP we recognise
the importance of seeking professional advice. We suggest
our clients employ the services of a local solicitor fully
familiar with the Polish legal system. The standard fee
is generally less than 1% of the purchase price + VAT. This
is a small price to pay for peace of mind and we would be
pleased to assist in identifying a lawyer from our approved
list if required.
- Capital Gains – Tax on the sale of property is charged at 19% of gain after costs (effective from 2007). In 2006 and previous years, capital gains tax is payable at 10% of sale price. Sale of properties, which have been owned for more than five years, are exempt for this tax.
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