➡️ Purchase Costs When Buying Property in Spain
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
➡️ Important Tips
➡️ Always calculate purchase costs in advance
➡️ Keep a financial buffer
➡️ Get professional guidance
➡️ Related Guides
➡️ Contact Mike Naumann Immobilien