What are the costs of buying a property in Spain?

If you’re interested in investing in Spanish real estate, you’ll want to know what your options are and how to make smart decisions to ensure a successful investment. And costs are important. Buying a property in Spain involves several costs that must be taken into consideration when making an investment decision. Here are some of the costs you should be aware of.

Typical costs of buying a property in Spain

Closing Costs

Closing costs are expenses incurred when transferring the ownership of a property from the seller to the buyer. These costs can include:

Property Transfer Tax

This is a tax paid to the regional government when buying a property in Spain. The rate varies depending on the region and the value of the property, but it usually ranges from 6% to 10% of the purchase price.

Notary Fees

A notary is a legal professional who authenticates and certifies the sale of a property. Notary fees are typically around 0.5% of the purchase price.

Land Registry Fees

The land registry is a public database that records all the details of a property, including its ownership. Land registry fees are typically around 0.5% of the purchase price.

Legal Fees

You may choose to hire a lawyer to handle the legal aspects of the purchase. Legal fees can vary depending on the complexity of the transaction, but they typically range from 1% to 2% of the purchase price.

Ongoing Costs

Once you’ve purchased a property, you will also be responsible for ongoing costs. These can include:

Property Taxes

Property owners in Spain are required to pay an annual property tax known as the Impuesto sobre Bienes Inmuebles (IBI). The amount of this tax is based on the assessed value of the property and varies depending on the region and the type of property.

Community Fees

If you buy a property in a complex or building that shares common areas, you will be responsible for paying community fees. These fees are used to maintain and repair the shared areas and facilities.


You will be responsible for paying for your utilities, including water, electricity, and gas. The cost of these utilities can vary depending on the size of the property and your usage.


While not required by law, it’s recommended that you purchase property insurance to protect your investment. The cost of insurance can vary depending on the value of the property and the coverage you choose.


When investing in Spanish real estate, it’s important to be aware of the various costs involved. By understanding these costs upfront, you can make an informed investment decision and avoid any surprises down the road.

It’s always recommended to work with a reputable real estate agency and seek advice from professionals, including lawyers and financial advisors, to ensure a smooth and successful transaction.

Our Property in Spain Finding Service

Are you planning to move to Spain or invest in a property? We are in partnership with Spain Homes ®, a local real estate agency in Spain, under the Tekce Overseas SA brand, providing in depth real estate services in Spain and Turkey since 2004. They have offices in Benalmádena, Costa del Sol and Orihuela Costa, Costa Blanca.

They offer a diverse range of properties including thousands of apartments, villas, townhouses, commercial properties, lands for sale, and other assets. Their expert property team can guide you through the whole property purchasing process in Spain, from finding your dream home to getting the title deed. Their team speak more than 20 languages in their offices including Spanish, English, German, French, Turkish, Russian, Dutch, Swedish, Arabic, Polish and Hungarian.

With Spain Homes ®, you can get great deals for properties in Spain, and especially hundreds of cheap residential and commercial real estate in Costa Del Sol, Málaga, Marbella, Estepona, Fuengirola, Mijas, Benalmádena, Torremolinos, Nerja, and Torre del Mar. You can also get recommendation and find your property in Spain with the "Best Price Guarantee", which means that you won't find the same property cheaper anywhere else.

What You'll Get?

  • Free Consultation: Spain Homes ® team of experts will provide you with a free consultation to understand your requirements and guide you through the entire process of buying a property in Spain.
  • Property Search: They have a vast database of properties in Spain. You'll be assisted in finding the perfect property that meets all your requirements.
  • Viewing Trips: You can get viewing trips to visit the properties that you are interested in. Expert team will be with you every step of the way to answer all your questions and provide you with expert advice.
  • Legal Assistance: You'll get legal assistance throughout the entire process of buying a property in Spain.
  • After Sales Services: You'll also get after-sales services to ensure that you'll settle in smoothly in your new home. You'll be assisted with all the necessary paperwork and any additional services you may require.

They Guarantee

  • Spain Homes ® are Spain Experts! They know all the best places and projects in Spain.
  • They only recommend "Safe and Secure" properties where you can get your title deed without any problem.
  • They offer easy payment plan properties according to your budget.
  • Best Price Guarantee! They guarantee you that compared to other estate agents you will not be able to buy the same property cheaper than with Spain Homes ®.
  • Trusted! They only work with trusted constructors that we personally know and trust. Zero failure since 2004.

You can directly reach Spain Homes ® service with us via the Whatsapp button below, or by filling out the property information request form below.

Contact Spain Homes via Whatsapp > +905495490053

Upon submitting the form, Spain Homes' team of experts will provide you with a free consultation to understand your requirements and guide you through the entire process of buying a property in Spain. Also note that by submitting the form or Whatsapp, you'll get special discounts as being our website visitor.

It's free to try Spain Homes ® with us out. You can be sure that you'll not only get great property deals, but also get assisted about how it is to buy a property in Spain, process, advice on the top areas, things you should know and aware, free viewing tour, bank account opening, obtaining tax number, insurance, tapu services, furnishing your apartment and any other questions you may have, even the most ridiculous ones.

When submitting the form, please mention;

  • Property type (apartment, flat, commercial, villa, land, etc.)
  • Possible locations (Costa del Sol, Malaga, Alicante, Barcelona, Madrid, Valencia, etc)
  • Number of rooms (studio, 1+1, 2+1, 3+1, 4+1, 5+1, 6+1 etc.)
  • Reason to buy (investment, living, citizenship, etc)
  • Budget
  • How you want us to get back to you (direct phone call, WhatsApp, e-mail, etc.)

[contact-form-7 id="7949" title="Spain Property Request"]

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