There are no set fees for estate agents or lawyers in Spain, it’s all negotiable. Extra costs such as registration fee and legal fees differ from region to region as well. As the buyer, the majority of the cots fall on you. These include:
- The Property transfer tax: This stands at 6-10 percent for existing properties.
- VAT or IVA: This stands at 10% for new properties.
- Notary costs, land registration fee, and title deed tax: These stand at 1-2.5 percent of the purchase price.
- Legal fees: These are 1-2 percent of the purchase price including VAT.