Thursday, February 2, 2023
What are the purchase costs of a property Spain?
What are the purchase costs of a property Spain? Check out the percentages of fees.
Purchase Costs for Properties in Spain
The percentages of taxes may vary by autonomous region. Additionally, these can be altered by the government. Generally, a distinction should be made based on whether you are buying a new build property from the developer or an existing property.
Purchase Costs for New Build Property
| Region |
VAT (BTW) |
Stamp Duty (AJD) |
| Ibiza |
10% |
1.2% |
| Tenerife |
7% |
1% |
| Costa Blanca |
10% |
1.5% |
| Costa del Sol |
10% |
1.5% |
Purchase Costs for Existing Property
| Region |
Property Transfer Tax (ITP) |
| Ibiza |
< € 400,000: 8%
€ 400,000 - € 600,000: 9%
€ 600,000 - 1,000,000: 10%
€ 1,000,000 >: 11% |
| Tenerife |
6.5% |
| Costa Blanca |
10% |
| Costa del Sol |
< € 400,000: 8%
€ 400,000 - € 700,000: 9%
€ 700,000 >: 10% |
Additionally, the following costs are typically incurred:
- Notary fees: approximately € 900
- Property registry fees: approximately € 500
- Connection of water / electricity: € 500 including meter (only for new builds)
- Legal advisor / attorney: approximately 0.8% - 1.5%
As a safe estimate, calculate 10% purchase costs for Tenerife and 12% - 15% for the other regions.