Costs of buying a property on the Costa del Sol
Purchase Costs: Your guide to buying a Costa del Sol home
As a buyer of a property in the Costa del Sol and anywhere in Spain there are a number of costs and taxes over and above the property price that you will have to pay.
Depending upon whether you are buying a new property from a developer or a resale property from a private owner, you will either have to pay VAT tax & Stamp Duty or Transfer tax.
In the Costa del Sol, the buying cost is approximately 10% to 12% of the purchase price on a resale property and approximately 13.5% of the purchase price on a new property.
The breakdown is as follows:
| New property | Resale Property | |
| Legal Fees | Around 1% | Around 1% |
| Notary and Land Registry | Around 1% | Around 1% |
| Stamp Duty | Around 1.5% | - |
| VAT (IVA) | 10% | - |
| Transfer Tax (ITP) | - | 8%-10% |
It is worth bearing in mind that if you purchase a property in the Costa del Sol (and elsewhere in Spain) with a mortgage, you will be incurred into additional costs. These vary depending on the bank that is granting the mortgage.
