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Macedonia Buyer´s Guide |
 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 2000 meters 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 property (i.e. apartments and other 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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