What is acquisition costs?
Acquisition costs are the one-off costs of buying on top of the price: transfer tax or stamp duty, notary, land registry, legal and agent fees.
Formula
Total investment = purchase price × (1 + acquisition cost %)
Example
€300,000 in Spain at ≈12%: total investment €336,000; the same flat in Denmark at ≈2%: €306,000.
Why it matters
They range from 2% (Denmark) to 14% (Belgium) and are sunk on day one, which is why net yield divides by total investment.
Frequently asked questions
Which European country has the highest purchase costs?
Belgium (≈14%) and Spain (≈12%) are the highest among Terrivio's markets; Denmark and Czechia the lowest.
Are acquisition costs tax-deductible?
Usually not against rental income, but they raise your cost basis for capital gains tax in most countries.