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What fees can be expected during the Costa de la Luz real estate buying process?

April 26, 2017buying costa de la luz fees process Real Estate

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What fees can be expected during the Costa de la Luz real estate buying process?

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• VAT (IVA): 7% on new build house. • Or, 16% on land. • Or, 7% property transfer tax on resales. • Property transfer tax ITP: 0.5 to 1%. • Stamp duty AJD: 1%. • Land registration fee: Variable and similar to notary costs. • Notary fee: Sliding scale €60 on house value of €150,000, €150 on €600,000. • Spanish lawyer fee: 1%. • TOTAL COST: 10%.