Cost of Buying Property in Spain

We can provide you with useful information about all of the costs associated with buying property in Spain so that you have the whole picture before you go ahead.

Generally speaking it is reasonable to allow about 10% extra on top of the sale price of the property to cover IVA @7% (Spanish VAT) and 3% to cover legal and other costs.

These estimates will of course vary slightly in each case and it is important to be clear about exactly what the total budget is for the initial transaction and of course the ongoing costs associated with buying a property in Spain.

People with financial affairs in Spain will need a Foreigners Indentification Number called Numero de Indentificacion de Extranjero (NIE) which works both as an identification number and social security number.