What are the buying costs for property in Spain?

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

  • This topic is empty.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #120322 Reply
    hottbabixz

    Hi all,
    Finally saved up enough pennies to buy a property in the Marbella area. Can anyone give me a breakdown of buying costs?

    I was advised to set aside about 15% of the purchase price. It seems a lot so want to know what it covers.

    Thank you advance

    Shania

    #120688 Reply
    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.

     

Viewing 2 posts - 1 through 2 (of 2 total)
Reply To: What are the buying costs for property in Spain?
Your information: