Property Purchase Costs 

The total official purchase costs for resale residential property are around 10-11% and around 12% for new properties, plus lawyer´s fees.

1.Transfer tax - I.T.P -  Paid by Buyer.

Resale properties: Villas, Apartments, Townhouses:

8% is applicable up to amount of 400 000€.

9% is applicable to the amount between 400 000€ and 700 000€.

10% is applicable to the amount above 700 000€.

2.VAT and stamp duty - Paid by Buyer.

New Developments: Villas, Apartments, Townhouses  - 10% plus 1,5%

First sale or resale of parcels of land, and for the first sale new commercial premises  - 21% plus 1,5%.

3.Notary and property registry fees - Paid by Buyer.

Average cost is 3 000€ and increase according to the number of pages, complexity of the title deed, and value of the property.

4.Lawyer´s Fee - Paid by Buyer.

Typically more or less 1% of the selling price depending of the lawyer and the price of the property.

5. Municipal Added Value Tax Plus Valía - Paid by Vendor (unless otherwise negotiated).

Usually the Vendor is responsable for this payment. This tax can be a few hundred Euros or as much as thousands of Euros on a property with a lot of land that has not changed owner in many years. It is a tax based upon the increase in the index value of a property between the year of purchase to the year of sale.