costs

What are the total costs of buying property in Spain?

The total cost of buying property in Spain includes the purchase price plus approximately 10-14% in additional costs.

For resale properties, the breakdown is: ITP transfer tax (10% in Valencia region), notary fees (€600-€1,500), Land Registry fees (€400-€1,000), legal fees (1-2% of purchase price, minimum €1,500), and gestoría fees (€300-€500).

For new builds: IVA/VAT (10%), AJD stamp duty (1.5%), plus the same notary, registry, legal, and gestoría fees.

Additional costs may include: mortgage arrangement fees if financing, property survey (€300-€800), power of attorney (€100-€300), NIE application fee, and currency exchange costs if paying from outside the eurozone.

Example: for a €200,000 resale property, expect approximately €22,000-€28,000 in additional costs, meaning you need approximately €222,000-€228,000 total.

WOW-Estates provides a detailed cost calculator for every property to ensure full transparency.