Cost and taxes of a purchase and sale

The expenses associated with the purchase of a home are those that correspond to the administrative and financial costs that the operation may have.

The total of these expenses usually amounts to between 10% to 15% of the purchase price of the house.

In Spain, the purchase and sale of a home has several expenses apart from the sale price, which are:

Public deed at the notary

Registration in the property registry

Taxes

Management (If there is a mortgage)

Capital gain
Municipal

The law establishes that it is up to the buyer to pay the public deed, the notary, the registration in the property registry, and the taxes. The seller pays the municipal capital gain and the original of the deed.

For first transmissions and developer homes, 10% VAT and 1.5% AJD are applied - Documented Legal Acts

Legal expenses :
1% of the purchase price.

For a second transmission, the ITP is applied depending on the purchase price. Transfer Tax on Second-hand Properties. 8% for purchases less than €400,000 9% for purchases between €400,000 - €700,000 10% for purchases over €700,000

Lawyer:
1% of the purchase and sale (if any)

Notary and property registration expenses. The notary and registration costs depend on the price of the sale and the number of pages of the deed, between 1% and 1.5%

Mortgage commission:
Between 1% and 3%