Foreign property fees 'unnecessarily high'

The report claims that Britons hoping to repeat their successful property investments at home are being charged transaction costs of as much as 22% of a property’s value, with South Korea, Belgium and Italy charging the highest fees. Global Property Guide says: "The high cost of buying and selling residential property abroad has received surprisingly little attention," The survey of OECD countries found those with Scandinavian based legal systems had the lowest transaction costs, an average of 5.2% of property value, while French based legal systems charged the most at 14.2%. Denmark ...