The most expensive place in the world to sell is....

Posted: 11/7/2021

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Where's the most expensive place in the world to sell a property? Turns out it's Mexico and South Africa where estate agents charge a whopping 7.5% commission on the value of a home. Australia also ranked high at 5.7%, with the US (5.5%), Canada and Brazil (5%) also coming in at 5% or more. To put that into context, if your home sold for the equivalent of £100,000 in South Africa or Mexico, you'd be paying the agent £7,500.That makes the UK and Ireland agents look cheap at around 1.5%. However, we don't think so here and you don't have to pay anywhere near that if you are selling in the greater Belfast area. Key One Property charge just 0.5% inc VAT*, which is well below the UK & Ireland average and less than half of most other agents. Here's the list of fees from around the world:

Nation Average est agent commission Cost of property equivalent to average UK flat Average fee based on property price and commission %
Australia 5.70% £190,628 £10,866
Hong Kong 1.00% £990,797 £9,908
France 4.20% £203,851 £8,562
Singapore 1.50% £548,647 £8,230
Japan 3.08% £259,143 £7,982
Canada 5.00% £145,847 £7,292
New Zealand 4.30% £155,659 £6,693
United States 5.50% £109,455 £6,020
Germany 2.98% £189,949 £5,660
Israel 2.00% £224,042 £4,481
Spain 4.00% £108,595 £4,344
China 1.75% £239,702 £4,195
Italy 3.36% £117,199 £3,938
South Africa 7.50% £39,313 £2,948
United Kingdom 1.57% £186,966 £2,935
Mexico 7.50% £36,618 £2,746
South Korea 0.55% £498,366 £2,741
United Arab Emirates 3.00% £89,200 £2,676
Argentina 3.33% £75,216 £2,505
Netherlands 1.50% £153,815 £2,307
Ireland 1.50% £145,139 £2,177
Brazil 5.00% £41,465 £2,073
Indonesia 4.00% £51,801 £2,072
Russia 4.00% £37,480 £1,499
Morocco 3.00% £48,090 £1,443
Egypt 3.03% £23,100 £699
Turkey 3.00% £22,484 £675
India 1.69% £38,648 £653
Nigeria 2.00% £19,156 £383
Sources Getagent.co.uk, Global Property Guide and the Advisory Based on the average cost per sq m of a city centre property in each nation x the average size of a UK flat at 43 sq m (ONS)

*Fees subject to t&cs, min fee, excludes marketing costs. 

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