Spainforsale.com is the only property portal in Spain with a cost calculator that shows you the estimation of the costs you need to include in you budget when buying a property here in Spain
When buying a new development the tax (VAT) is 10% based on the purchase price. Then you need to add another 1,5 % of the purchase price for stamp duty and usually 1% more to the lawyer of the purchase price.
When buying a used property, a resale property the taxes are calculated diffenently. In Andalucia the amount of taxes (ITP) starts from 8% up to € 400,000. Next 300,000 € is subject to 9% and after this it is a blanket charge of 10%.With resales the Notary fees and registration may vary from 0.5% – 1% of the purchase price, so this needs to be added to your budget plus the lawyer 1%.
Sounds complicated? We wanted to make it easier for you to calculate the budget. Check out our COST CALCULATOR. It is super easy to use. It will do the calculations automatically for you. This is a great tool for agents too!
Choose a property and you can find the cost calculator in the right column.