The extra expenses involved
in buying a house in Spain tend to add up to about 10% the purchase price of the
property itself. Expenses include:
- Taxes (re-sale,
new property, plusvalia)
- Legal
fees (lawyer and notary)
- Property register fee
- Other
fees (translation of documents, presence of translators during negotiation and
contract-signing..)
Do be careful when accepting
the services of a lawyer. If you are going to get a mortgage, most banks get their
own lawyers to to check out the legalities of the house purchase. Bankinter, whose
services we recommend to our visitors, are especially efficient in this task,
and the cost of using their lawyers is just 360 euros if the purchase goes through
and is included in the mortgage costs. See mortgages
for non-residents in Spain
More
about extra expenses and taxes involved in buying a house in Spain here
Property in Spain
