Assuming a buying price of £100,000
| Spanish VAT (IVA) 7% | £7000 |
| Legal Fees | £1000 (€800 if through solicitors from our introduction) |
| Stamp Duty | £1000 |
| Notary's Fees | £1000 |
| Plus Valia-Capital Gains | £70 |
| Total | £10070 |
Other fees to consider
| Urbanization Fee | €300 - €800 (Depends upon development) |
| Contribution Urbana (Rates) | €150 |
| Insurance - house and contents | €200 |
| Gestor/Fiscal Representative (appointed to complete tax return) | €120 |
| Electricity/Water - annual standing charges | €120 |
These figures are a guide only and as such should not be relied upon when calculating exact expenditure. As a general rule of thumb it is important to ensure that you have 10% more funds than the price of the property you wish to purchase.
A lot of the properties do not come furnished and we can assist with furniture package purchase - this may also need to be factored into your budget.