The actual price of the property is the largest expense you'll incur, so it's essential to budget accordingly.

Depending on what type of property you buy, you will need to pay one of these taxes:

For second-hand properties, expect to pay between 6% to 10% in taxes, depending on the autonomous community.

For new properties, a 10% VAT is applied, plus an additional 1.5% stamp duty.

Legal assistance is vital, and lawyers in Spain typically charge between 1% to 2% of the property price.

Notary fees usually range from €600 to €1000. These professionals legally verify and register the property transaction.

Registering your property will cost around €400 to €650, providing legal assurance of your ownership.

Home insurance is mandatory when you have a mortgage, and the cost varies based on coverage and property value.

Connecting water, electricity, and gas might entail some initial fees.

Transferring money internationally can incur fees and unfavorable exchange rates.

Without a local mortgage, you risk exposure to currency fluctuations that might increase your property cost significantly in your home currency.

With our Habeno Plus service we are with you at every step of the process, making sure it’s as fast and smooth as possible. For this we charge a small fee of 1% of the mortgage value and the best part is, we only charge it once you have accepted an offer. Which makes sure we’re with you to the end.

Feel free to reach out if you have any questions or need clarification on any of the points above. We're here to make your Spanish property dream a hassle-free reality!
If you are ready to take your first step towards your Spanish dream, you can start by applying for a pre-approval.