The following documents are required to sell a property: Title Deed, passport and/or owner ID, proof of tax payment (if applicable), and mortgage or mortgage documents if the property is on loan.
Yes, foreigners can sell properties but must comply with local property laws. It is important to make sure that all transactions are registered through the Ministry of Justice and that foreigners comply with the rules for owning real estate.
The sale process includes several steps: checking documents and property status, evaluating the property, finding a buyer and negotiating a price, signing a Sales Agreement and registering the deal with the Real Estate Registration Department.
When selling real estate, income taxes for residents and non-residents, agent fees (usually 2-5% of the transaction value), and government fees for registering the transaction may apply.
The process usually takes 2 to 6 weeks, including verifying documents, registering the deal and processing payment. Complex cases (such as those involving a mortgage or a foreign owner) may take longer.
An agent is not required, but it greatly facilitates the process: evaluating real estate, finding a buyer, drawing up an agreement and registering a deal.
The market value of a property can be determined through a professional appraisal (Property Valuation), comparison with similar properties in the area, and consultation with a licensed real estate agent.
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