The Buyers Guide/Purchase Price Guide

 

The Price Guide

When you are buying a Spanish Property, estate agents and experts will tell you that you will be expected to pay a further 10% on purchasing costs. But what are these costs?

Below we have set out some examples of the types of costs you will have to pay when purchasing a property in Spain.

All prices are in Euros

 

PURCHASE EXPENSES

Purchase Price       100,000            300,000              500,000

Notary Fee's (fixed)       386                    495                      582

AJD Tax (1%)*          1,000                 3,000                   5,000

* new property only - similar to the UK stamp duty

Vat Tax (7%)             7,000              21,000                35,000

Register (fixed)              179                    251                      303

Agency (fixed)              210                    250                      250

Total New Property    8,775              24,996                41,135    

Total Resale                 7,775              21,996                36,135

 

MORTGAGE EXPENSES

Mortgage                 100,000            300,000               500,000

Notary (fixed)                 473                    557                      625 

AJD Tax (1.50%)         1,500                4,500                   7,500

Register (fixed)              242                   303                       352

Agency (fixed)               210                   250                       250

Valuation (varies)            350                   380                       420

Total                              2,775                5,990                   9,147

 

TOTAL FEE'S EXPECTED AT COMPLETION

Total New Property   11,550              30,986               50,282

Total Re-sale              10,550              27,986               45,282

Please note this does not include lawyers fee's which are normally 1% of the purchase price.