When buying a property, the purchase price is just part of the total cost. Closing costs are additional expenses that buyers need to pay to complete the property transaction. In Spain, these typically range from 8-12% of the purchase price for resale properties and 10-14% for new properties.
Property Transfer Tax (ITP)
8-10% for resale properties
VAT (IVA)
10% for new properties
Notary Fees
Approximately 0.5-1% of purchase price
Legal Fees
1-1.5% of purchase price
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Indicate Mortgage Requirements
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Review Results
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Property Details:
Estimated Costs:
Tax rates and fees can vary significantly between regions and municipalities
Some fees may be negotiable or vary based on the specific service provider
Additional costs might apply for international buyers (e.g., currency exchange fees)
Always consult with local real estate professionals and lawyers for precise costs