The cost of buying property in Spain: taxes & fees
If you're considering buying property in Spain, it's essential to understand the various costs involved beyond the asking price. These can significantly impact your budget and investment strategy.
This guide outlines the one-off purchase costs, recurring expenses, and provides an example using typical prices, to help you plan your purchase more effectively.
One-off Purchase Costs
In Spain, you'll face several one-off costs when purchasing a property. These typically include transfer tax, notary fees, registration fees, and legal fees.
Budget around 10-15% of the property price for these additional costs, but remember that specific rates can vary by region.
Transfer Tax and Stamp Duty
The main cost is the transfer tax, which can range from 6% to 10% depending on the region and property type. Generally, new properties incur VAT instead, typically around 10%.
Notary and Registration Fees
Notary fees for property sales in Spain generally range between 0.1% to 0.5% of the purchase price. Registration fees for the property title can add another small percentage—around 0.1% to 0.3%.
Legal and Conveyancing Fees
Hiring a lawyer to assist with the purchase is advisable. Legal fees usually amount to around 1% to 2% of the purchase price, depending on the complexity of the transaction.
Example Calculation
For a median property price of €995,000, here’s a rough estimate of one-off costs: 1. Transfer Tax (~8% average) = €79,600 2. Notary Fees (~0.5%) = €4,975 3. Registration Fees (~0.2%) = €1,990 4. Legal Fees (~1.5%) = €14,925 Total Estimated One-off Costs = ~€101,490 (approximately 10.2% of the purchase price).
Recurring Costs of Ownership
Once you've acquired the property, you'll need to consider ongoing costs. These typically include annual property tax (IBI), community fees if applicable, and utilities.
Annual property tax can vary but generally ranges from 0.4% to 1.1% of the property value, while communal fees for shared amenities can range from €50 to €300 per month.
Mortgage Costs for Non-residents
If you're a non-resident, securing a mortgage in Spain typically requires a higher deposit, often around 30% of the property's value. Interest rates and conditions can also be less favourable than for residents.
Be sure to consult with a local mortgage advisor for options and any specific regulations.
Frequently asked questions
What is the transfer tax rate in Spain?
Transfer tax generally ranges from 6% to 10% depending on the region and whether the property is new or used.
How much should I budget for legal fees?
Legal fees are commonly around 1% to 2% of the purchase price, depending on the complexity of your transaction.
What are typical ongoing costs after buying a property?
Ongoing costs can include annual property tax (approximately 0.4% to 1.1% of the property value), community fees, and utilities.
Can non-residents get a mortgage in Spain?
Yes, but typically they will need a larger deposit (usually around 30%) and may face varying terms compared to residents.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed June 2026.