Spanish Property Cost Calculator
Calculate all buying costs by region
Property Details
New builds pay 10% VAT + 1.5% AJD instead of ITP
Surveys, utilities, insurance, plusvalía tax
Cost Breakdown
Mandatory Costs
Recommended
Cash Required
Property price + all costs = €326,030
Estimates Only
These are typical costs. Actual fees vary by property value, location, and professional chosen. Always get written quotes.
About Property Buying Costs in Spain
Buying costs in Spain typically add 10-15% on top of the purchase price. The main cost is ITP (transfer tax) which varies by region from 6% (Madrid) to 10% (Catalonia, Valencia). New builds pay 10% VAT plus 1.5% AJD instead.
For a complete breakdown, read our guide: Hidden Costs of Buying Property in Spain →
ITP Transfer Tax by Region
| Region | ITP Rate | €200k Property | Total Cost Est. |
|---|---|---|---|
| Madrid | 6% | €12,000 ITP | €216,000 |
| Andalucía | 7% | €14,000 ITP | €218,000 |
| Murcia | 8% | €16,000 ITP | €220,000 |
| Valencia | 10% | €20,000 ITP | €224,000 |
| Catalonia | 10% | €20,000 ITP | €224,000 |
| Balearic Islands | 11% | €22,000 ITP | €226,000 |
| Canary Islands | 6.5% | €13,000 IGIC | €217,000 |
* Total cost estimates include ITP, notary (€800-1,200), registry (€400-600), lawyer (€1,500-2,500), NIE (€12). New builds pay 10% VAT + 1.5% AJD instead of ITP.
Frequently Asked Questions
How much are the total costs when buying property in Spain?
Budget 10-15% on top of the purchase price. For a €200,000 property, expect total costs of €220,000-230,000. The main costs are ITP transfer tax (6-11% by region), notary fees (€800-1,200), registry (€400-600), lawyer (€1,500-2,500), NIE application (€12), and gestoría if used (€400-600). If getting a mortgage, add €1,000-3,000 more.
What is ITP and how much do I pay?
ITP (Impuesto de Transmisiones Patrimoniales) is the property transfer tax you pay when buying resale property in Spain. It varies by region: Madrid charges 6%, Andalucía 7%, Murcia 8%, Valencia and Catalonia 10%, Balearic Islands 11%. For a €300,000 property, ITP ranges from €18,000 (Madrid) to €33,000 (Balearics). New builds pay 10% VAT + 1.5% AJD instead of ITP.
Do I need a lawyer when buying property in Spain?
Yes, hiring an independent English-speaking lawyer is essential. They cost €1,500-2,500 but protect you from common issues like: undeclared debts on the property, planning permission violations, incorrect boundaries, missing utility connections, and fraudulent sellers. The notary represents the state (not you), so you need your own legal protection. Never use the seller's lawyer.
What's the difference between buying new build vs resale property costs?
Resale properties pay ITP (6-11% by region). New builds pay 10% VAT (IVA) plus 1.5% AJD (stamp duty), totaling 11.5% regardless of region. For a €200,000 property: resale in Madrid costs €12,000 ITP vs new build costs €23,000 (10% VAT + 1.5% AJD). New builds are more expensive tax-wise but come with 10-year structural warranties.
Can I get a mortgage as a non-resident in Spain?
Yes, but non-residents typically get 60-70% LTV (loan-to-value) vs 80% for residents. Interest rates are higher (3-6% vs 2-4%), and you need: proof of income (payslips, tax returns), bank statements (6 months), NIE number, Spanish bank account, and sometimes a larger deposit. Mortgage costs add €1,000-3,000: valuation (€300-500), arrangement fee (1%), notary (€600-1,000), registry (€400).
When do I pay the property buying costs?
Timeline: (1) Reservation deposit (€3,000-6,000) when offering, (2) Private contract deposit (10% of price) when signing, (3) ITP tax within 30 days after completion, (4) Notary and registry fees on completion day, (5) Lawyer fees half upfront, half on completion. Bring 15% of purchase price in cash/bank transfer for completion day to cover all costs plus buffer.