The sales process will take place in three stages
1. BOOKING AGREEMENT
When booking an apartment, a booking agreement is concluded with the buyer. The buyer pays the seller a reservation fee of 6,000 euros.
2. CONTRACT OF SALE UNDER THE LAW OF OBLIGATIONS
A notarial contract of sale under the law of obligations is signed with the buyer of an apartment building under construction, where all the details of the transaction are recorded. 15% of the sale price of the object of the agreement is paid when concluding the contract of sale under the law of obligations.
3. REAL RIGHT CONTRACT
After the completion of the construction of the apartment building in the spring of 2025 and the inspection of the construction works by the buyer, a notarial agreement of purchase and sale is concluded. The buyer pays the remaining 85% of the sale price of the object of the contract, and the ownership of the object of the contract is transferred (an indication of the change of ownership is made in the land register).
THE SALES PRICE OF THE APARTMENT INCLUDES:
- interior finishing of the apartment in accordance with the selected interior finishing package;
- utility network installation and connection fees (electricity, water, sewerage, ventilation);
- readiness to join communication, surveillance, and cable television services;
- ventilation and cooling (except for commercial premises on the ground floor)
THE SALES PRICE OF THE APARTMENT DOES NOT INCLUDE:
- parking;
- storage room;
- fees for joining communication, surveillance, and cable television services;
- notary fees and state fees related to the conclusion of contracts.
Home loan down payment starting from 20%. Interest rate 0% + euribor for the first year. Contract fee €0. Review the terms and read more here.
The home loan is offered by AS LHV Pank. Always think through your loan decision carefully. Review the terms and conditions at lhv.ee/home-loan and ask for advice from our specialist. The annual percentage rate of charge for a home loan is 5.428% on the following sample conditions: loan amount of €140,000; interest rate of 5.3% per year (floating, the interest rate consists of 6-month Euribor rate and margin 1.55%); agreement fee of €0; period of 360 months; 360 as the number of repayments; and the total amount paid back being €279,626, with payment in the form of monthly annuity payments. An insurance contract needs to be concluded and a mortgage set for the collateral to receive the loan. The rate does not include the expenses related to establishing and insuring the collateral.
