What are the costs of buying property in Spain?
In addition to the purchase price of your home, there are also additional costs that you need to take into account. Think of:
- 10% VAT (IVA) for new construction or transfer tax for existing homes
- Notary and registration costs
- Legal assistance costs
- Possible translations or powers of attorney
- Connection of utilities
On average, the additional costs are between 10 and 14% of the purchase price. Fortunately, real estate in Spain is often more attractively priced than in Uk and America, especially if you look a little further from the coast.
Whether you are looking for an apartment by the sea, a villa with a pool or a quietly situated finca: buying a home in Spain with MedVilla means buying without worries.