6–10%
Resale Tax (ITP)
10%
New Build VAT
€800–€1,500
Notary & Registry
10–14%
Total to Budget
Taxes: The Biggest Cost
Transfer tax or VAT is your single largest additional cost.
- ITP (resale): 6–10% — varies by region
- IVA (new build): 10% on homes, 21% commercial
- AJD (stamp duty): 0.5–1.5% on new builds
- Check your region's rate — Andalucía cut ITP to 7%
Professional Fees
Don't skip these — they protect your investment.
- Lawyer: 1–1.5% of purchase price
- Notary: €600–€900 (fixed by law)
- Property registry: €400–€600
- Bank valuation (for mortgage): €300–€500
- Translator (if needed): €100–€200
Mortgage Costs
If you're financing, add these to your budget.
- Bank arrangement fee: ~0.5–1%
- Notary & registry for mortgage deed
- Insurance: required by the bank
- Total mortgage costs: ~2–3% of loan