Q1/2009 Title deed charges reduced

The Annexed Table No. 4 of the Monetary Charges Law published in the Official Gazette (numbered 11756 and dated July 17, 1964) was amended in light of the Council of Ministers' Decree on 29 March 2009 and title deed charges have decreased from 15/1000 to 5/1000 in the case of sales, to be calculated over the entire declared value of the immovable property, for both the vendor and purchaser. The amendment will remain in force until 30 June 2009.

 

Pekin Pekin