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Apr 24 2021

Costs and taxes when buying property in Spain in 2021

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Costs and taxes when buying property in Spain in 2021:

  • Notary. Notary fees in Spain are regulated by the state and range from 600 to 875 euros (depending on the price of the property) for issuing a deed of sale.
  • Property registration. On average - from 400 to 650 euros.
  • Taxes. VAT in Spain varies. From 4% (for public housing) to 10% of the cost of housing. VAT in Catalonia - 10%. Plus, the second tax is IAJD, which in Catalonia is 1.5% of the property value. There is also an ITP property transfer tax for resale properties. The amount depends on the autonomous community and the percentage of the notary. In Catalonia - 10%. It should be noted that for families with many children, the disabled and young people, some taxes are lower!
  • Agency. Commission real estate agency - from 3 to 5% of the cost of the apartment.

Mortgage expenses. If you are going to purchase a primary or secondary property with a mortgage, add to the costs:

  • House appraisal. Typically, the bank will lend the equivalent of 80% of the purchase price or appraised value, although some will finance 90-100% of the purchase price. In 2021, the valuation will cost between 250 and 600 euros, depending on the organization conducting the valuation, the type of property and its valuation. The certificate is valid for 6 months from the date of issue. Since the entry into force of the new Mortgage Law in June 2019, the rest of the costs are borne by the bank: notary, registry and AJD.
  • Commission for opening and maintaining a bank account. The amount can reach 2% of the borrowed capital, depending on the bank.

The rest of the costs of obtaining a mortgage according to the law must be borne by the bank!

Total: expect that for additional expenses you need to lay from 13 to 18% of the value of the property!

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  • Agency Salouru and Nelly found by reviews. We rented apartments for 2 years, and then with the help of Nelli we bought our own apartment in Salou. The whole process of buying from the search for real estate, registration of all documents and until the move was controlled by Nelly personally. Everything went smoothly, smoothly, with a minimum of material costs and time.
    Agency Salouru and Nelly are real estate professionals!

    Anastasia Drob,
  • Turning to this company you will receive objective and complete information about the state of the real estate market.
    Nelly treats her clients responsibly and provides full support in the preparation of documents and support in all necessary organizations. (And also with pleasure will introduce you to local attractions and "goodies").

    Verified by personal experience. We saw and learned a lot.
    Nelly, thank you so much! 🙂

    Inna Ishchenko,
  • I am very glad to meet your company, a nice apartment with a gorgeous sea view in Salou. I want to come back to you again and again. A professional team today is a pleasure!

    Svitlana I,
  • Всем привет!
    С Нелли мы познакомились случайно, когда впервые приехали в Салоу год назад и искали где остановиться. Мы всегда стараемся выгодно снимать жилье, и не переплачивать там где не требуется ,именно у Нелли мы нашли самые выгодные предложения по жилью, аренде и экскурсиям. Честно, мы остались довольны всем что предлагает агенство Нелли. Через год мы снова приехали в Салоу и конечно не стали даже пытаться найти какой-то другой сервис, а сразу обратились к Нелли. Все апартаменты с шикарным видом, месторасположением, чистота уют и порядок, в квартирах имеется все что необходимо. С Интернетом в Испании, как выяснилось, порой не совсем все хорошо, у Нелли мы снимали 3 раза квартиры и во всех был скоростной интернет. Спасибо за ВЫСОКОКАЧЕСТВЕННЫЙ СЕРВИС! СОВЕТУЮ ВСЕМ ЭТУ КОМПАНИЮ!

    Anastasia Politanskaya,
  • The Salouru agency was recommended to us by friends from Barcelona, who had already bought an apartment from Neli (director of the agency).
    Bought before the pandemic.
    Neli was very kind, met at the airport, accompanied everywhere: the Tarragona police (to get Nya), the bank, and even for personal purchases :), since she didn’t have her own car.
    Neli is a reliable partner, everything will be fair with her.
    She is a true professional in her field.

    Many thanks to the whole Salouru team and once again to Neli! Good luck to you!!

    Mikheil Lobjanidze,

  • Costs and taxes when buying property in Spain in 2021: Notary. Notary fees in Spain are regulated by the state and range from 600 to 875 euros (depending on the price of the property) for issuing a deed of sale. Property registration. On average - from 400 to 650 euros. Taxes. VAT in Spain varies. From 4% (for state…

  • If you have already chosen the region and city, together with the director of the Salou Real Estate real estate agency, you select the ideal house or apartment and go to see the dream apartment, sign a contract - reserve (for 7 - 10 days) and you pay 1.5 - 3 thousand euro advance You open a Spanish bank account in the name of the buyer…

  • NIE - Alien Identification Number and Taxpayer Number in Spain. It is more convenient and faster to get a NIE in advance, in your own country, but the time it takes to get it on the spot can take 2-3 months. To apply for a NIE: - original passport. Requirements: a Schengen visa and a passport control stamp at the Spanish border - two color photographs sized ...

  • Carrer de Valls, 6, local 1 43840 Salou Tarragona, Spain

  • +34645544662

  • Infosalouru@gmail.com