General

What are the costs of buying a property in Spain?

The costs of buying a property in Spain depend on several factors, such as the location or whether you are buying a new property from a developer or a resale property from an individual.

Here are some expected costs associated with obtaining a mortgage in Spain:

  • transfer taxes: 6-10% of the purchase price (second-hand properties)
  • value added tax: 10% of the purchase price (new properties)
  • stamp duty (AJD): 0,5-2% of the purchase price (new properties)
  • notary fee: around 700€
  • registration fee: around 350€
  • consulting fees: around 450€
  • property appraisal: 300-600€

These fees are indicative and the value of the property, location of the property, entities you conduct the mandatory dealings with, and other factors will affect the costs of the fees.

Keep reading a guide that covers everything you need to know about taxes when buying a property in Spain as a non-resident