Property purchase costs
HOW MUCH DOES IT COST
TO BUY A PROPERTY IN MARBELLA?
The full costs involved of purchasing a constructed residence in Spain works out at approximately 10-11% for re-sale properties and approximately 12 % for new properties, if VAT (IVA in Spanish) is paid on the purchase price.
Lawyers’ fees, at approximately 1% of the property price (plus VAT), must be added to these figures. We break down these costs below.
TRANSFER TAX (ITP)
VAT (IVA), STAMP DUTY (AJD)
and NOTARY AND PROPERTY REGISTRY FEES
This is applicable at the rate of 10% (IVA) and 1.5 % (AJD) to villas, apartments, or a garage annexed to either, where the vendor is a developer, promoter or habitual trader for new properties. Applicable at the rate of 21 % (IVA) and 1.5 % (AJD) to parcels of land, and for the purchase of new commercial premises.
Notary and Property Registry Fees: Loose approximation of cost at 3,000 euros depends on the number of pages or complexity of the deed and value of the property.
