Cost buyer

Here is an overview of the cost buyer must be paid when buying a villa in the Costa Blanca.

 

How much cost buyer amounts in Spain


Transfer tax when purchasing an existing villa. (ITP) Impuesto de Transmisiones Patrimoniales. The amount of the transfer tax is 10%.
VAT / GST when buying a new house. (IVA) Impuesto sobre el Valor Añadido. VAT is 10%. and not like in Belgium 21%

Notary fees, between 0.6% and 1%. Note, however, that a notary in Spain is not implementing the controls of your purchase as you are used to in Belgium. So be very careful! For example, check or their villa no mortgage at the time of the sale, you can do this in the land register, the Registro de la Propiedad. We do of course for our customers!

Registration fees in the "Registro de la Propiedad", the Spanish Land Registry will be approximately 0.3% to 0.7% of the purchase price.
If you take out a mortgage on the house you owe fees to the bank, the notary and land registration. The cost of the mortgage amount to 1% to 1.5% of the mortgage amount. The cost for the notary, registration in the land register and the format of the documents are about 2.5% of the mortgage amount.

Construction Tax. Impuesto sobre construcciones, instalaciones y obras. To apply for any building permit, you pay 2.5% tax, calculated on the value of your future home, such as the architect indicates.
Of course, you need one that will assist you in the purchase, such as you hired a broker, lawyer, gestor etc. also have to pay for their services. To determine the amount charged to individual guests must self. It is very common in Spain to take the purchase of a villa or a lawyer (and) a gestor in the arm. This process we do for you!