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Buying a flat: how to protect your money in the transfer

TKTomáš Kohút28 May 20265 min read

Buying a flat is often the biggest transaction of your life — and the moment it’s easiest to lose money. The risk isn’t the price, but when and to whom you send the money.

The most important protection is escrow. Don’t send the purchase price directly to the seller — use a notarial or attorney escrow. The funds are released only once ownership is registered to you in the cadastre, not before.

The second pillar is a properly drafted purchase contract and a cadastre registration petition. Check for encumbrances (liens, easements), whether the seller is the actual owner, and the exact definition of the flat, including the share of the land and common areas.

Three steps — a contract check, escrow and cadastre registration — decide whether the purchase is safe. We can stand by you at each of them.

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