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Purchase Costs

1. Purchase Taxes

Resale (second-hand property)

  • Impuesto sobre Transmisiones Patrimoniales (ITP) – Transfer Tax: 7% of the purchase price in Andalusia

New Build

  • IVA (VAT) – 10% of the sales price
  • AJD (Stamped Document Tax) – 1.2% of the sales price



2. Notary and Registration

  • Notary fees: typically between €600 – €2,000 (depending on the property value).
  • Land Registry fees: approx. 0.5% – 1% of the purchase price (usually a few hundred euros up to around €1,000).


3. Legal Costs

  • Lawyer/gestor: usually 0.5%–1% of the purchase price, excluding VAT (21%).
  • Additional costs (such as NIE application, technical inspections, will): often between €200–€700.


4. Financing costs (mortgage)

  • Bank fees: mortgage arrangement fees are often 1%–2% of the loan amount.
  • Valuation costs: usually between €300–€1,000.
  • AJD on mortgage deed: typically 0.5%–1.5% of the mortgage amount.


5. Guideline for Total Purchase Costs

  • Resale properties: plan for around 10% extra on top of the purchase price to cover taxes, notary, registration, and legal fees.
  • New developments: allow for approx. 12–13% extra, reflecting VAT, stamp duty, and other standard purchase costs.


6. Recurring fixed costs after purchase

  • IBI (Annual Property Tax): typically 0.4%–1.1% of the cadastral value set by the town hall — usually just a few hundred euros per year.
  • Waste Collection (Basura): around €100–200 annually.
  • Community Fees: from €50–200 per month for apartments, depending on services. Complexes with pools, gardens, or security may be higher.
  • Non-Resident Income Tax (IRNR): 19% for EU residents and 24% for non-EU residents, calculated on an imputed rental value (2% of the cadastral value).


Lawyers

Key Information on Buying Property in Spain ⚠️ Important to know: The role of the notary in Spain is very different from what you may be used to in Belgium. Here, the notary does not perform prior due diligence. Verifying the legality of the property, checking the First Occupancy License (Licencia de Primera Ocupación), identifying building infringements, or uncovering other legal risks are not part of the Spanish notary’s responsibilities.

In Spain, the notary’s role is limited to preparing and signing the deed. That’s why it is essential to appoint an independent, specialized lawyer who will carry out all necessary checks before you commit to the purchase.

At CENTURY21 Luxe, we work with a trusted network of carefully selected law firms. These partners have been guiding our clients for years with professionalism and transparency, ensuring a safe and worry-free buying process on the Costa del Sol.



Jaccobo Romero

Lexlite Advocaten

Spanish, English, French

Tel: +34.958.000.334

Fernandez

Martinez-Echevarria Advocaten

Spanish, English, French

Tel: +34.958.000.334