When buying a property in Spain, it is essential to calculate the additional purchase costs. These costs usually amount to 10–12% of the purchase price.
➡️ Overview of Purchase Costs
➡️ Property Transfer Tax (ITP): 7–10% (resale properties)
➡️ VAT (IVA): 10% (new-build properties)
➡️ Stamp Duty (AJD): approx. 1–1.5%
➡️ Notary fees
➡️ Land Registry fees
➡️ Legal & administrative costs
➡️ New Build vs Resale Property
➡️ New builds: VAT + stamp duty apply
➡️ Resale properties: Property transfer tax applies
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