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Purchase Costs

 

When buying a property in Spain, in addition to the purchase price, you will need to factor in fees and taxes. You should expect to pay 10% to 13% of the purchase price and this is broken down into the following:

  • 10% Stamp Duty / Transfer Tax
  • 1% Notary Fee
  • 1% Land Registry Fee
  • 1% Legal & Others 

 

* If you are buying a plot of land from a developer or a new build property this will be subject to VAT/IVA instead of stamp duty/Transfer Tax.

* If you are buying with a mortgage there will be additional costs to consider such as bank valuation, transmission tax, notary, property registration, admin for new mortgage deed and mortgage set up fees.

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Other fees to consider:

  • Home Insurance
  • Life Insurance
  • Bank Charges
  • New contracts with public service companies (if applicable)

 

* The above information is a guide only and we advise to consult your lawyer for accurate costs.

Any questions you have about property purchase costs in Spain - Please do get in contact

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