Reply To: What are the buying costs for property in Spain?

Spain › Buying, Moving, Owning & Living Overseas › What are the buying costs for property in Spain? › Reply To: What are the buying costs for property in Spain?

29/03/2022 at 11:19 PM #120688
SoFinest

    This rough guide will give you an idea of the costs of buying property in Spain.

    New Properties allow for 14.2% of the property cost. If you seek a mortgage your costs increase to about 17%.

    Costs include stamp duty, legal fees, notary and registry fees, documentation eg power of attorney, NIE application and certificates.

    Resale properties allow for 11% of the property cost. If you seek a mortgage your costs increase to around 14%.

    Costs include transfer tax, legal fees, notary fees, documentation eg NIE applicaiton and certificates, power of attorney.

    Best advice, I can give you. Make sure you get the right help.