Buying Guide
If you would like any help choosing your ideal new Spanish home, or have any queries please do not hesitate to contact us.
Choosing a property
Location: The location of the property is an important factor in a person’s final decision. When buying a property you need to be sure that it suits your personal needs (work, education, transport, lifestyle, etc).
Orientation: There is no ideal position for a property; it really does depend on individual requirements.
Additional purchasing costs
There are additional costs that you can expect to pay when buying a property in Spain. The figures below have been calculated using a buying price of €175,000 (£116,667); however, a safe estimate is to add 10% to the agreed price.
| IVA 7% (Spanish VAT) | Payable on declared value of property | €12,250.00 | |
| Legal Fees | Making searches, preparation of the Escritura (Title Deeds) and translation Before a public Notary. Inc.VAT | €900.00 | |
| Notary’s Fees | Preparing and registering the title deed | €720.00 | |
| I.A.J.D.(Impuesto Sobre Actos Juridicos Document. | 0.5% to 1% of the declared value on registration of the deed depending on the region of Spain | € 1,750.00 | |
| Connection charges | Water, Electricity, Gas, Drainage etc. | €300.00 | |
| Plusvalia | €60.00 | ||
| Total | €15,920.00 |
