Guide to Buying in Spain


Clients may have other expenses on completion. e.g. first years’ insurance, first quarter’s community fees.

If buying with a Spanish mortgage then you should also factor in set-up fees and life insurance.


Example for a resale property


€100,000 – Agreed property price

€8,000 – ITP

€1,700 – Land registry & Notary costs

€1,700 – Solicitor fees

€600 – Other associated fees

€112,000 – Approximate Total

(*) ITP is charged by the regional government and applies to 99% of properties on our website. However If the property is brand new and direct from a developer this is taxed by the national government and not the regional government. IVA (VAT) and not ITP then applies and this is 10% (not 8%).
.









If you decide you would like to apply for a Spanish mortgage, we can help you. There are currently some fantastic offers with various banks. In general a non resident can receive a 60% – 70% mortgage.
account_balance





Once you have your keys we can give you guidance on local key holders. Your keys holders will look after your property offer cleans, laundry services and general maintenance.

Andrew Brown remains at your disposal after completion. Maybe you would like a new swimming pool, extension, etc we can give you recommendations on the best local builders.

If you decide to rent out your property for holiday rentals we can help. We have vast experience to maximize your properties potential.

vpn_key





Apartment Monthly Running Costs

€120 – Community fees

€60 – Standard charges for Gas, Electric and Water


Apartment Annual Costs

€250 – Key holder fees

€250 – Council Tax

€200 – Insurance


Total for the year €2.860






Even though we have covered the majority of question we are frequently asked there may be something we missed. If you have any questions regarding the buying process please do not hesitate to contact us






Compare listings

Compare