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UK agency commission amongst lowest in world, new survey shows

UK estate agency commission levels are amongst the lowest in the world according to a league table compiled by an international property consultancy.

Moscow-based Tranio has researched 20 broadly free-market economies and found that the UK is one of the lowest-priced for consumers.

Figures are inevitably broad-brush - Tranio gives the UK commission rate as between 0.5 per cent and 3.5 per cent, for example - but the consultancy explains in notes accompanying the league table that most commissions in this country are very much skewed towards the lower end of the range.

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Several countries also have agencies that charge twice - a buyers’ commission as well as a sellers. For clarity these have not been indicated in the table below, except for one country where only buyers pay the agent:

UK:  Seller commission 0.5% to 3.5% + 20% VAT

Austria:  Seller commission 1.0% to 2.0% + 25% VAT

Croatia: Seller commission 3.0% to 8.0% + no VAT

Czech Republic: Seller commission 2.0% to 5.0% + 15% VAT

Finland: Seller commission 2.5% to 5.0% including 24% VAT

France: Seller commission 4.5% to 8.0% including 20% VAT

Germany: Buyer commission 2.0% to 6.0% + 19% VAT

Greece: Seller commission 1.0% to 5.0% + 24% VAT

Hungary: Seller commission 3.0% to 5.0% + 27% VAT

Italy: Seller commission 2.0% to 7.0% + 22% VAT

Latvia: Seller commission 3.0% to 5.0% + 21% VAT

Montenegro: Seller commission 3.0% to 6.0% + 19% VAT

Portugal: Seller commission 5.0% + 23% VAT

Slovenia: Seller commission 1.0% + 9.5% VAT

Spain: Seller commission 1.5% to 5.0% plus 10% to 21% VAT

Switzerland: Seller commission 3.0% to 5.0% + 8% VAT

Thailand: Seller commission 3.0% to 5.0% + 7% VAT

Turkey: Seller commission 3.0% + no VAT

UAE: Seller commission 2.0% + no VAT

United States: Seller commission 2.0% to 6.0% plus no VAT.

Sources used by Tranio: Adria PRO, АН LiguriaHomes Casamare, Aurora Destrelas LDA, Austria-Invest, Bulevardin Kotimeklarit, Coldwell Banker, Dogma Nekretnine, Duna House, Engel & Volkers, French Riviera Realty, Future Real Estate, Getberg, Glorion, LonGrad, Mercury Group Estate, MKR Real-Consulting, Prime Property Group, Rondyak Real Estate, Select Property Group.

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    Statistics. The full report presumably also covers what is involved for the fee, eg I think that in France it covers a great deal more associated work than in UK, perhaps even legal costs.

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