Section 1
Typical Buying Costs in Spain
When purchasing property in Spain, buyers should usually budget an additional 10–15% on top of the property price to cover taxes and purchase costs.
The exact amount can vary depending on:
- whether the property is new build or resale
- the region in Spain
- mortgage arrangements
- legal and professional fees
Buyer Costs May Include
Resale Properties
- Property Transfer Tax (ITP): typically 6–10% depending on the region
New Build Properties
- VAT (IVA): usually 10%
- Stamp Duty (AJD): approximately 0.5–1.5% depending on the region
Additional Buyer Costs
Buyers should also allow for:
- legal fees
- notary fees
- land registry fees
- NIE number arrangements
- mortgage-related costs (if applicable)
These are commonly estimated at approximately 1–3% of the purchase price.
Section 2
Typical Seller Costs in Spain
Sellers in Spain may also have costs associated with the sale, which can include:
- Estate agency fees
- Capital Gains Tax
- Plusvalía Tax (local council land value tax)
- Legal representation fees
- Mortgage cancellation fees (if applicable)
The exact amount varies depending on residency status, ownership period, and individual circumstances.
Important Note
Property taxes and regulations in Spain can change and may vary between regions.
We always recommend seeking independent legal and financial advice before proceeding with any purchase or sale.
Section 3
Independent Legal Advice
We always recommend using an independent solicitor when purchasing property in Spain.
For additional information about the legal buying process, taxes, residency considerations, and property guidance, you may also find the following resource helpful: TLA Property Lawyers Purchase of properties in Spain. Legal and tax aspects | IN SPAIN
