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%||-|
|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.
Thank you for your valuable insight to the market in Spain. It is clear you and your team really know your stuff. You have enabled me to make a great investment decision and I will be talking to my friends about the projects in the Coast and have no reservation about recommending your company.
Thank you for all your hard work! We love our new house. Thank you for your patience and caring and all the help you gave us during our search. We will definitely recommend you to anyone we know who is looking for a new home or wants to sell their home on the Costa del Sol because of the great experience we had working with you
We had a couple of unusual issues during the home buying process, but Max handled them in a very professional way. He understood our needs, and provided advice without being pushy. Max always had the time for us. He was extremely responsive whenever we called or e-mailed. It was a great experience and we'd be happy to recommend Max to all our friends and family.
I was referred to Sur Estates by a friend. I found their services to be outstanding. Not only were they professional and knowledgeable, but their approach helped me buy the right house for me at an affordable price.
Having spoken with other agents, Sur Estates were very easy to deal with. We spoke lots of times and they were not forceful or pushy at all. They are very nice and professional to deal with and took the worries away. As we did not know that much about buying in Spain it would have been unwise to purchase without them. Even after completion, the after sales service is still excellent. In the future we would definitely purchase with Sur Estates again.
Many thanks Juan for all the hard work and help you gave us selling our property. We would thoroughly recommend your estate agents to anybody else selling their property.
Dear Alberto, We would like to thank you for your help and professionalism from enquiry through to follow up; you were far superior in your approach to the vast majority of agents we have dealt with thus far.
I just wanted to say thank you for all your help with selling our apartment in Los Naranjos. I am finally settling into my new flat and it´s great to have my own place again. All the very best wishes to you all at Sur Estates.
Fatima was very helpful to us in our quest for property in Marbella. She is informed and professional, and we knew we were in very capable hands with her. She has a thorough knowledge of the real estate buying process in Spain, and helped us owning a little slice of heaven!
We wish to especially thank Sur Estates for the courteous and efficient way that they marketed and sold our property and for their attention to detail. We would have no hesitation in recommending them to any future sellers.
We just wanted to say a big “thank you” for all your help you provided for the purchase of our property in Marbella. We really appreciated the advice you gave us, and how friendly you were. It is a great help when you are able to speak to someone on the phone that is very helpful and knowledgeable. Your efficiency enabled us to achieve a dream Gino and I have had for a very long time.
To Daniela, Max and all the staff, thank you so much for your kindness and efficiency! It has been a pleasure doing business with you. All best wishes for the future.
Thank you so much for your professionalism and advice throughout the whole transaction. We look forward to seeing you out in Marbella this summer, perhaps for a glass of wine on our terrace. In the meantime, enjoy the lovely weather and feel free to post this on your website.
We were very impressed with the service received from your company and all the time and effort spent with us. The very personal service provided by your staff made us feel special and we never felt that we were just owners of one of a long list of properties. Every time, we contacted your office, the staff knew who we were, which emphasised once again what a personal service your company offers.
Dear Fatima, Many thanks for your outstanding and professional work in helping us to find our dream house on the Costa del Sol.
We just wanted to drop you a line to thank you for the superb support we got from the Sur Estates staff in Marbella. We gave them a list with our requirements, including finding us a townhouse on the Costa del Sol for a relatively small budget and we were surprised at what a choice they came up with. After choosing to own a home in Estepona, we are planning on moving there after completion.
We would like to thank you for the great double job you did, selling our home and finding us a new one! We were very impressed with the professional manner in which you did your job and are very grateful to you for finding us our new home which we are gradually settling into! It was a pleasure doing business with you.