• Investing in Spain
• Buyer's Guide
• Buying Procedure
• Purchasing Off Plan
• Purchasing Land in Spain
• Glossary for Buying in Spain
• Property Taxes
• After Sales & Property Management
• Property Management
• Furnishing Packages
• Relocation Service
• FAQs
• Contact

Buyer's Guide

What are the costs of buying a home in Spain?

At Hudson international we believe in complete transparency. You should be aware of all the costs you may have to pay when purchasing in Spain. As a rule the purchase costs including taxes and administration amount to between 10% and 12% of the purchase price and are made up in of the following:

• Transfer tax or IVA: The transfer tax or ITP is 7% on a resale property & the VAT or IVA tax is 7%. There is an additional 1% stamp duty applied to a new property being purchased from a developer.
• Legal Fees:These are usually between 1 & 2% of the purchase price depending on your choice of lawyer.
• Notary Charges: The fee is around 1% of the purchase price and includes the stamp duty.
• Mortgage Fees: Are usually around 1% of the loan amount.
• Property Registration Fees: These are charged by the local land registry Office to register the property in your name. On average the costs are between 250? & 500?.
• Plus Valia Tax: Capital Gains Tax - A municipal tax based on an officially assessed increase in the value of the property since the previous transfer of ownership. The exact amount due can be obtained from the local authorities & your lawyer should find this out prior to signing at the notary.
• Estate Agent Fees: Paid by the vendor and contained in the agreement between the parties.

Example of Costs for a Property Purchase of 120,000€

IT IS IMPORTANT TO ASK FOR AN EXACT BREAKOWN OF COSTS FROM YOUR LEGAL REPRESENTATIVE AND/OR MORTGAGE BROKER . THE FIGURES PROVIDED ARE EXAMPLES ONLY. FOR FURTHER INFORMATION AND EXAMPLES OF COSTS PLEASE SEE OUR LEGAL SERVICES PAGE.