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Transaction Costs When Buying Real Estate in Nicaragua

Attorney/Notary fees are generally 1%, but this depends on the lawyor/notary, so the charge may differ.

Transfer Tax: Transfer of the property’s ownership is subject to a withholding tax or “transfer tax” of 1% to 3%, depending on the value of the transferred property.

Municipal Revenue tax (IMI): In most municipalities of the country, the transfer of property is also subject to a municipal revenue tax of 1% over the highest value between the purchase price established in the transfer deed and the cadastral value established by municipality.

Property Registration Fees: are 1% (Maximum US$1,370). A property conveyance will not be enforceable before third parties until it is recorded before the Public Registry.

Broker commission is 6%to 9%.