Purchase costs

PURCHASE COSTS - ALL INFORMATION ON ADDITIONAL COSTS WHEN BUYING A PROPERTY IN SPAIN

Find your property

Purchase costs

En CASA VANWIK le ayudamos a entender todos los gastos asociados a la compra de su propiedad en España. Sabemos que calcular los costes totales puede resultar confuso, especialmente si es su primera compra en el país. Por eso, nuestro equipo de expertos está aquí para guiarle en cada paso.

Durante nuestra consulta personalizada, analizaremos detalladamente su situación particular, el tipo de propiedad que desea adquirir y todos los factores que influyen en los gastos finales. Con esta información, prepararemos un documento personalizado con el desglose completo y transparente de todos los costes que deberá afrontar, sin sorpresas.

Purchase of real estate on the primary market

  • 10 % - Value added tax (VAT)
  • 1,5 % - Stamp duty (Impuesto sobre Actos Jurídicos Documentados)
  • 0,4 % - 0,8 % - Notary
  • 0.2% - Entry in the Land Register (Land Register)
  • 300-400 € - Electricity and water connection.

Total additional costs: approximately 12-13%

Purchase of real estate on the secondary market

  • 10 % - Stamp duty (Impuesto sobre Actos Jurídicos Documentados)
  • 0.4% - 0.8% - Notary
  • 0.2% - Wpis do Rejestru Nieruchomości (Land Registry)

Total additional costs 11 %

Costs of obtaining a mortgage loan

  • 0,5 % of the amount of the claim - Public deed of the claim
  • 1,5 % of the amount of the claim - Stamp duty (Stamp duty)
  • 350 € - Registration of the claim in the land register
  • 350 € - Property valuation
  • 1 % - 2 % - Bank commission for the granting of credit

Credit costs: around 3 %.

Lawyer's fees: €1200.

  • Contract preparation
  • Check whether the owners are legal and registered owners of the properties.
  • Transfer of electricity and water bills to the name of the new owner
  • Obtaining a certificate from the Town Hall that the property is free of encumbrances.
  • Obtain a certificate from the administration certifying that there are no arrears in utility payments.
  • Preparing the appointment with the notary
  • Checking the documents necessary for the transaction to be carried out securely
  • Registration of the property
  • Inform the Cadastral Office (SUMA) about the change of ownership.