Costs for the buyer
A basic rule when buying a property in Spain is that you should add about 11% to the selling price to cover all additional costs. Note: If the sales price is low (eg less than € 120,000, take into account 13% because not all costs are calculated in percentage but some are flat-rate. (If you need a mortgage, it is best to count 13% to 15% of the sales price.)
The purchase costs are distributed as follows:
This amount is always calculated on the deed price, i.e. the indicated price.
This amount is always calculated on the sales price as priced on the internet, magazines or in the display case at a broker. You also need 21% VAT on this service. to pay (I.V.A. = Impuesto sobre el Valor Añadido). The advocated office we work with (Axarquia Solicitors) charges 1% incl VAT for this.
These are variable and depend on the complexity of the deed. If, for example, a mortgage rests on the property, the cost price is higher.
This amount is comparable to the notary’s fees, but is usually slightly lower.