When you buy a home, you’ll often pay more than the purchase price. First-time buyers in particular can underestimate how much of their own money they’ll need to cover the additional costs.

What costs should you budget for?

When buying an existing home, you may need to pay property transfer tax, notary fees, valuation fees and mortgage advice fees. If you hire a buying agent or arrange a building inspection, you’ll also need to budget for those services.

There may also be a fee for arranging a bank guarantee.

How much property transfer tax will you pay?

If you buy a home in 2026 and intend to live in it as your main residence for the long term, you’ll generally pay 2% property transfer tax.

If you’re aged 18 to 34 inclusive on the date ownership is transferred, you may qualify for the first-time buyer exemption, subject to certain conditions. In 2026, the exemption applies to homes valued at up to €555,000.

Worked example

You buy a home for €400,000 and don’t qualify for the first-time buyer exemption.

You may have other costs on top of the property transfer tax. Some mortgage-related costs may be tax-deductible if you meet the relevant conditions.

How does OZQUR approach this?

Before making an offer, you’ll want to know both how much you can borrow and how much you’ll need from your own savings. At OZQUR, we calculate your maximum mortgage and factor in the additional costs, any renovations you’re planning and the savings you want to keep as a buffer.

Want to know how much of your own money you’ll need to buy your home? Ask OZQUR for a personalised breakdown of your purchase and financing costs.

Recep Aslan – Independent mortgage adviser
I help expats, entrepreneurs and people in salaried employment find their dream home. My approach is simple. People first, numbers second. I listen, talk through your options with you, and give you clear, honest advice that fits your life.