Buying Costs in Spain

Buying Costs in Spain

Buying Costs in Spain

Buying property in Spain typically incurs additional costs of 11–14% of the purchase price. If you are using a Spanish mortgage, this may increase by another 2–4%.

Common Costs Include:

  • Transfer Tax (ITP): 6.5%–10% (depending on the region and property type)
  • Notary Fees: ~0.5% of the purchase price (€300–€1,200)
  • Land Registry Fees: 0.4% (€400–€600)
  • Legal Fees: ~1% + VAT (€1,000–€2,000 typical range)
  • VAT (IVA) on new builds: 10%
  • Stamp Duty (new builds): 1.5%
  • NIE application and utility connection fees: vary depending on location and service provider

Avoiding Under-Declaration:

Never agree to under-declare the property price to reduce taxes. It is illegal, constitutes tax evasion, and may increase your future capital gains tax liability. Always declare the full purchase price.


Share