Buying a Property in Spain involves time and we know that yours is at a premium so we will do all that we can to make your purchase as easy and painless as possible. We have an excellent network of contacts that we can put you in touch with who deal with every stage of the purchase cycle. We will recommend those that best fulfill your requirements. Importantly, a number of properties on our exclusive developments have finance packages available and in this instance, we will take you through the process step by step, including the mortgage application and we are able to do it in a number of different languages as well.
Buying a Property in Spain
How does the price break down?
In Spain, the buying cost is roughly 10 – 12% of the purchase price and it breaks down as:
- Legal (around 1.2%)
- Notary & Land Registry (1%)
- Stamp duty: only for new properties (1%)
- IVA (VAT) on new properties (10%), Transfer Tax on resales (8%)
Mortgage commissions can vary and it is worth bearing in mind that if you purchase with a mortgage, there may be some additional costs to pay such as notary, registry fees, stamp duty.