In this episode, Glenn and An-Sofie reflect on one of the most frequently asked questions by foreign buyers: "What are the real costs when buying property in Spain?" They clearly explain what to expect in both new construction and resale.
Listen on Youtube, Spotify or Apple Podcasts.
🔹 Topics discussed:
- VAT or transfer tax?
- New building falls under the VAT regime (IVA) and is also subject to the Stamp duty (AJD).
- At car promotion projects The tax structure can be more complex, with a combination of btw and double AJD.
- What on re-sale?
- Only transfer tax (ITP) applicable.
- No AJD due.
- Importance of the autonomous region:
- Rates vary by region.
- In certain regions, there are reductions, for example when buying a family home Or for young buyers.
- Other cost items on purchase:
- Notary and registration fees
- Lawyers' fees
- Utility connection
- Charges for power of attorney and NIE number
- Bank charges (account, bills, cheques)
- Miscellaneous administrative costs
- Practical example for a €300,000 purchase in the Costa Blanca, Costa Calida and Costa del Sol.
- You can also consult an overview by region via our FAQ.
