Property in Spain:
Extra costs Spanish property purchase
Euroresidentes,


  
Property in Spain
Latest news on the Property market in Spain
Frequent questions
Buying a house in Spain: taxes
Mortgages in Spain
Investing in property in Spain
Mortgages for non-residents in Spain
Spanish banks
Buying land in Spain
Glossary for buying property in Spain
Renting accommodation in Spain
Reasons for living in Spain
Helpdesk
For sale
For rent
Beautiful places in Spain
Reasons for living in Spain
News from Spain
Healthcare in Spain
Travel in Spain
Spanish recipes
Shopping in Spain
Spanish culture
Fiestas in Spain

EXTRA COSTS INVOLVED IN BUYING PROPERTY IN SPAIN

Spanish Lawyers: Most Spanish lawyers charge 1% of the final price paid for the property once the sale has gone through, plus 16% VAT.

Translators: Your lawyer may be able to see to all translations, in which case he may charge separately for this service. Otherwise you can expect to pay an hourly rate to an agency. If you are having problems contacting a reliable translator, contact us and we'll try to help.

Gestoría: If you don't want to get the services of a lawyer, you would be well advised to pay for the services of one of the many gestorias, firms specialised in obtaining official authorisations, permits, licences etc. The estate agent organising the purchase may be able to recommend one. Otherwise you could ask at your local Consulate.

Notary: Notary fees are set by the Spanish state and the final amount you pay will depend on the value of the property you buy. A notary must be present when the parties involved, buyer and seller, sign the sale contract and the deeds (escritura).

Registro de Propiedad: The land registrar usually charges about 42% of the notary's fees.

Mortgage: If you are getting out a mortgage you will have to consult your bank to see what kind of fees they will charge you.

FINAL ESTIMATION OF THE COST OF PURCHASING PROPERTY IN SPAIN

You can estimate that taxes and fees will add up to about 10% of the overall value of the property you are purchasing. See also:

Google

 


 

 

 



 
cost of buying property in Spain
 
© 2000 Euroresidentes. ItyIs Siglo XXI, Spain