Very important information to read:
This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more... Who can buy property in Iran
Foreigners are allowed to buy property in Iran for residential purposes but are not allowed to buy agricultural land. Most expats in Iran gravitate towards the capital city, Tehran. To help you with your property search, your employer or your home country’s embassy may be able to recommend a real estate agent.
While it is possible for foreigners to buy property in Iran, it can be difficult, so most expats tend to rent. Freehold properties are available for foreigners to purchase in Iran but foreign residents who move from a property are also obligated to transfer the property title to a qualified non-national or an Iranian within six months of leaving to prevent adjudication by the Land Registration Office.
How to purchase real estate in Iran
According to Iran-US Claims Tribunal reports, before any property can be transferred, the seller must pay all taxes and get:
- A Certificate of Tax Clearance from the Ministry of Finance. The number from this certificate must be added to the Deed by the notary.
- A certificate of the completion of the property available from the municipality
- A social security clearance certificate from the Social Security Organization must be secured.
- Finally, the notary registers the title at the Real Estate Registration Department.
Fees
- Transfer Tax is 5% of the property value.
- Stamp Duty is a flat rate of 0.50% of the property value.
- Registration Fees are around 0.10% of the property value.
Sources for the above article are:
Expat Arrivals
Invest Iran
Slide Share
See also:
Where foreigners can buy or rent property in Iran
Villa 101 in Alborz Province, Iran, by Method Architects
Guide to visas, currency, banking, credit cards, ATMs and taxes in Iran
Very important information to read:
This article and the above linked artciles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...