Buying a Property in Spain

The terms of purchase of property for EU citizens – private and legal entities - are entirely open, in Spain there are no legal obstacles for investors. A prerequisite for the transfer of ownership is to obtain a Spanish NIE tax number. The proof of ownership is the notarial deed of real estate known as the Escritura de compraventa.

One-time taxes and fees associated with buying real estate

For purchase of a new property the buyer pays VAT of 4%. In case of purchase of an existing property the buyer pays a real estate transfer tax of 7 to 10%. Notary fees and other fees for transmission are approximately 3% of the purchase price of the property. The real estate commission is 3% + VAT.

Regular fees associated with property ownership

In case the property is within a complex/resort the owner pays the communal fees or “Comunidad” (cleaning of common areas, security, maintenance of gardens, pool cleaning, etc., including the repair fund) - the amount of these fees depends on the quality of the project and services.

Services and energy - water, electricity, gas, telephone

The property tax is derived from the tabulated values of the property by the local authority database. The exact amount depends on the specific property and its location.

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