Informations

Cost of purchase

The cost of purchasing a property in Spain

VAT - 8% (valid for the purchase newbuild and resale property)

Local tax - 1% (valid for the purchase newbuild property)

Notary costs about 600 €

Land Registry 350 €

Solicitor cost- 1200 €

  • fee includes N.I.E. number
  • power attorney at the notary (optional)
  • preparation of contracts
  • checking whether the owners are legal, registered holders of property



    • Summary of costs

    Fees and taxes when buying property in Spain should not exceed 9% in the case when you are buying a resale property , and about 10% in the case when you buy newbuild property from the builder.

    Please do not forget the additional costs associated with servicing the mortgage - if it occurs. Start-up costs of the mortgage banking fees are around 2% on the price and are calculated individually for each property.