MAKING A WORLD OF DIFFERENCE - SINCE 1982

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Costs of Completion

Notary

Taxes

Legal Charges

THE FEES

The Notary, who charges according to a fixed scale. His charges may range from 35 € for a property price of 120,000 € to 600 € for property price of 600,000 €.

The Land Registry, as a rule of thumb, 40% of what the Notary charges.

THE TAXES

If you are buying a re-sale property you are obliged to pay transfer tax at 6%.

If you are buying a new property or a property in the course of construction from a promoter, developer or habitual trader, then you should pay tax at 5%.

Plusvalía is a tax levied by the local Town Hall based on the particular area where the property is located, on the surface area of the land, on the catastral value and on the date of the previous title deed. This tax may range from a few thousand pesetas to as much as several million pesetas on larger properties with a lot of land.

THE LAWYERS

Finally, bear in mind that a lawyer will charge fees for his professional services normally at 1% of the price plus tax. We have arranged discounted services with our own lawyers should you require this service.