Curious about the expenses associated with purchasing a property in Marbella, Estepona or Benahavís, including buying costs in Spain ?

The first crucial question to address is whether it's a new-build or a resale. Depending on your choice, the costs may slightly vary, but as a general rule of thumb, the basic purchase costs hover around 12%.

For those opting for a new-build property in Spain, the costs typically range from 12% to 14%. This includes a Value Added Tax (VAT) of 10%, property registration fees at 1.5%, and legal fees, usually between 1% and 1.5%. Additional expenses cover notary fees, stamp duty, and other related costs.

On the other hand, for those pursuing a resale property in Marbella, Estepona or Benahavís, the overall buying costs in Spain fall between 10% and 12%. This comprises a Transfer Tax at 7% at the standard tax rate in 2024, property registration fees at 1.5%, and legal fees, typically between 1% and 1.5%. Similar to new-builds, there are additional expenses for notary services, stamp duty, and miscellaneous costs.

Understanding these cost breakdowns is essential for making informed decisions, and our teamat La Sala Homes is here to guide you through the intricacies of the property acquisition process in Spain.