Many people start their property purchase in Spain by looking only at the price of the property - but the total cost can be much more.
In this guide, we'll show you exactly what you should expect to pay so you're not caught by surprise.
What is the total cost of buying a property?
Generally speaking:
+10-14% extra cost on top of the property price
This depends on several factors:
- new build or second hand
- which region you are shopping in
- legal and other fees
Costs of new build property
If you are buying a new build property in Spain, you should expect to pay the following costs:
- 10% VAT (IVA)
- 1-1,5% levy (AJD)
- Attorney's fees
- Notary (notario)
- Land Registry registration
In total, in general: +12-14%
Costs of second-hand property
The system is different for second-hand property:
- Transfer duty (ITP)
(e.g. in the Murcia region approx. 8%) - Attorney's fees
- Notary
- Land Registry
In total, in general: +10-12%
Other costs to be taken into account
Many people forget these:
- Get your NIE Number
- Open a bank account
- Translations
- Power of attorney (if you are not present)
- Possible loan costs
Who pays your landlord's fees in Spain?
This is a common question.
In most cases, the commission is paid by the seller, the contractor or an intermediary agency.
The commission is paid by the seller.
This means you can get expert help without increasing your costs.
What to look out for?
- Look not just at the price, but at the total cost
- Always work with a lawyer
- Do not sign anything you do not understand
- Check the property legally
Summary
- New construction: approx. +12-14%
- Used: approx. +10-12%
- The buyer usually does not pay a real estate fee
- The key to safe shopping is the right process
Want to see exactly the total cost in your case?
We can help you calculate and guide you through the whole process.
Request a free consultation or fill in the needs assessment
If you are just starting out:
Download our free Spanish property buying guide
