How high are the buyers’ costs in Spain?
The percentage is approximately 12.5% of the purchase price. 10% of that is the transfer tax for existing structures or 10% VAT with new construction. The registration costs in the "Registro de la Propiedad" (the Spanish equivalent of a Land Registry) amount to approximately 0.3% to 0.7% of the purchase sum. The notary costs come down to 0.6% to 1%, depending on the value of the home. Also count on approximately 1% in costs for an essential Spanish lawyer.