-
- Home
-
Property Search
- Property Search
-
Property in Spain
- Property in Spain
- Almeria
- Costa Blanca
- Costa del Sol
- Costa Brava
- Costa de la Luz
- Costa Tropical
- Murcia
- Valencia
- Inland Andalucia
-
Canary Islands
- Canary Islands
- Tenerife
- Fuerteventura
- Lanzarote
- Gran Canaria
- Balearic Islands
- All Areas
- Property in France
-
Property in Portugal
- Property in Portugal
- Algarve
- Albufeira
- Lagos
- Lisbon Coast
- Silver Coast
- All Areas
- Property in Italy
-
Property in Greece
- Property in Greece
- Aegean Islands
- Corfu
- Crete
- Halkidiki
- Ionian Islands
- All Areas
- Property in Florida
- Property in Cyprus
- Property in Turkey
- Search all countries
- New Developments
- Find an agent in...
- Hot Properties
-
-
Help & Guides
- Help & Guides
- How to Buy
- Area Guides
- Free Guide Download
- Professional Services
- Currency
- Mortgages
- Property Insurance
-
Relocation
- Relocation
-
Moving to Spain
- Moving to Spain
- Buying property in Spain
- Living in Spain
- Retiring to Spain
- How to move to Spain
-
Moving to France
- Moving to France
- Buying property in France
- Living in France
- Retiring to France
-
Moving to Portugal
- Moving to Portugal
- Buying property in Portugal
- Living in Portugal
- Retiring to Portugal
-
Moving to Italy
- Moving to Italy
- Buying property in Italy
- Living in Italy
- Retiring to Italy
-
Moving to Cyprus
- Moving to Cyprus
- Buying property in Cyprus
- Living in Cyprus
- Retiring to Cyprus
- Moving to Malta
- Find a Lawyer
- Viewing Trips Guide
- Articles
- Webinars
- New Developments
-
Live Events
- Live Events
- Upcoming Events
- Why visit?
-
Exhibit
- Exhibit
- Manchester
- London
- Birmingham
- Dublin
- Bristol
-
TV Show
- TV Show
- Episodes
- Presenters
- Apply
- Advertise with us
-
- Sign up / sign in
- Currency
- Find an agent
- Advertise with us
Cost of buying a property in Spain
If you're buying a new property in Spain you'll need to know about the purchasing costs you'll encounter as part of the process.
Here we take a look at what you can expect to pay.
What are the overall costs of buying a property in Spain?
You can typically expect to pay 11-14% of the cost of the property you're buying in purchase or closing costs, depending on the region of Spain, and the type of property. If you have a Spanish mortgage you need to add an additional cost of 2% to 4%. There will also be costs for obtaining an NIE number and connecting utilities. But the ballpark above includes Transfer tax (ITP), equivalent to stamp duty, calculated on the property purchase price and between 6.5% and 10%, depending on the region.
The estimate also includes the Notario’s fee of around 0.5% of the purchase price, which tends to range from €300 and €1200.
Land Registry fees in Spain tend to be between €400 and €600 – or 0.4% of the purchase price. Legal fees are usually a percentage of the purchase price – generally 1% plus VAT– but with a minimum fee. Typically this might be €1,000 to €2,000.
VAT on new-build properties in Spain is 10% and stamp duty on new-build is 1.5% of the purchase price.
What are the fees when buying a property in Spain?
The tax you pay when you buy a property in Spain will normally depend on whether you are a tax resident there or not. Tax residence is determined by a number of factors – including how long you spend in that country, if your main home is there and whether your main economic interest is there. If you become a tax resident in Spain, then you would normally stop paying taxes in your home country and pay there instead. IVA (VAT) is payable by the purchaser when the vendor is considered a developer who pays IVA and/or this is the first time the property has been sold or transferred. The VAT rate depends on the type of property being sold: it’s 10% for residential properties and 21% for plots of land and commercial premises.
Can I buy property in Spain as a non-resident?
Stamp duty is payable at the rate of 1.2% where VAT is payable. If the house you’re buying is a resale (second transfer) property, then you will also need to pay Transfer Tax (Impuesto sobre las Transmisiones Patrimonilaes), which is usually between 8 to 10% depending on the values of the property and the area. This will need to be paid to the Spanish Treasury within 30 days of the date the title deed is signed. You may also need to pay Plusvalia, which is a tax based on the increase in the value of the land since the last transfer, although this is not normally a huge amount.