Beyond the purchase price, budget roughly 10–14% in additional costs. What they consist of depends on whether you're buying a resale property or a new build.
Resale property
- Transfer tax (ITP) — 6–10% of the price, depending on the region
- Notary — 0.2–0.5%
- Registering ownership — 0.1–0.3%
- Gestor — €300–500
New build
- VAT (IVA) — 10% of the price
- Stamp duty (AJD) — 0.75–1.5%, depending on the region
- Notary and registration — the same as for a resale property
Additional costs
If you're financing with a mortgage, add the bank's fees and the cost of the bank's valuation of the property (€300–600). After the purchase, there's the annual property tax (IBI) and, where applicable, the non-resident property tax (Modelo 210).
We work out the full cost structure before the deal, so the client's budget is clear from the start — with no surprises at the final stage.
