Spain

Spain is probably the most popular Country in Europe for second homes and for Brits moving to the Sun.

We strongly recommend that you use the services of a local English-speaking lawyer experienced in Spanish property law and with good knowledge of the area you are buying in.
Your local contact will always make sure you are introduced to one and at the same time will help you to open a local bank account.

The purchase of a property in Spain will involve the following expenses:

Legal Fees:
  • Notary, who charges according to a fixed scale. His charges may range from € 340 for a property price of € 120.202 to € 601 for a property price of € 601.012.
  • Land Registry, as a rule of thumb, 40% of what the Notary charges.
Taxes:
  • If you are buying a re-sale property in Spain you are obliged to pay Transfer Tax (ITP) at 7%.
  • If you are buying a new property in Spain or a property in the course of construction from a promoter, developer or habitual trader, then you should pay VAT (IVA) at 7% plus Stamp Duty at 1%.
  • The VAT (IVA) rate increases to 16% if you are purchasing plots of land, commercial premises or garage spaces.
  • Plusvalia is a tax levied by the local Town Hall based on the particular area where the property is located, on the surface area of the land, on the catastral value and on the date of the previous title deed. This tax may range from a few thousand pesetas to as much as several million pesetas on larger properties with a lot of land. By law the vendor is obliged to pay this tax but it is common practise for the parties to negotiate on who is to assume this liability.
  • Finally bear in mind that your Spanish lawyer will charge fees for his professional services, that normally will range from 1 % to 2 % of the price plus VAT (currently at 16%).
 

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"Property for sale in Spain" are independent property consultants who will help you find your dream home in Spain. We can assist and guide you through all the steps to a successful purchase of a property in Spain.

We offer a wide range of Spain property from traditional houses to modern villas. You could even let us design and build your ideal Spain home.

"Property for sale in Spain" is constantly updated with hand-picked properties from all over Spain. We have villas, apartments, maisonettes in every corner of Spain.



Email: info@progc.co.uk