In this article you will find more information about the cost of buying property in Murcia. Here, we distinguish between a new build and a resale.<\/p><\/p>\n\n\n\n
If you are buying new construction, you need to factor in 10% VAT and a stamp duty (AJD<\/em>) of 1.50%. An example: you buy a EUR 220,000 property. The VAT is then EUR 22,000. The stamp duty is EUR 3,300. So on top of the purchase price, you will pay EUR 25,300 in transfer tax.<\/p>\n\n\n\n If you also order additional works or extras, you will also pay 10% VAT and a stamp duty of 1.50% on these amounts. There are some exceptions, such as an air conditioner, on which you will pay 21% VAT.<\/p>\n\n\n\n Here you will find more information on taxes on additional works and extras in new buildings.<\/a><\/strong><\/p>\n\n\n\n When buying regular property in Murcia, neither VAT nor stamp duty applies. In that case, the transfer taxes consist of the sales tax (ITP<\/em>). Today, the rate is 7.75% for a second residence. So if you buy a property in resale for EUR220,000, you will pay EUR17,050 in transfer taxes. On the contents, you will pay 4% registration duty.<\/p>\n\n\n\n What is the practicalities of buying a property in Spain?<\/a><\/strong><\/p>\n\n\n\n In addition to transfer taxes, you will also have to take into account other costs. Consider the notary and your lawyer in Spain. Below is an estimate of costs based on a purchase price of EUR 220,000.<\/p>\n\n\n\n <\/p>\n\n\n\n For the above costs, there is no difference between new construction and resale.<\/p>\n\n\n\n In Spain, the notary has a limited role during the buying process. So a notary in Spain does not guide you with your purchase, nor does it give you advice. Therefore, it is important that you seek the assistance of an independent party.<\/p>\n\n\n\nYou buy property in resale<\/h4>\n\n\n\n
Other property purchase costs in Murcia<\/h4>\n\n\n\n
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