When purchasing your property it is very important to consider that there will be further costs, usually 10% - 15%, on top of the purchase price. The following costs were applicable at the time the web site was  built, but Charlesworth Property Services cannot be held responsible for any changes in law, omissions or inaccuracies that may have occurred subsequently.

Taxes

When buying re-sale properties, a transfer tax is paid upon signature of the sale contract; this will be 6% of the purchase price. If you are buying a new-build a 7% IVA (value added tax) and a 0.5% documentation fee will apply.

Notary's fee

This will be payable in respect of the work done prior to signing the Public Title Deeds. The costs will depend on the size of the dwelling and amount of work completed.

Mortgage Costs:

There will be costs associated with arranging a mortgage, whether in Spain or the UK. The costs will depend on the amount borrowed. 

Fiscal Adviser

This ranges from €100 to €500, depending on the cost of your property and how much work is carried out.

Other Costs

In addition to the above costs related to the purchase of your property, there will be further costs on top of the 10% - 15% budgeted. Some of these will be one-off payments, such as utilities connection costs and others will be ongoing, such as your utility and communications bills.