There are a number of considerations:

• The notary: required for document preparation, witnessing, and submission.
• The registration of a new owner's fee.
• Document tax of 0.75%
• A transfer tax of 7.0% of the new property's value (if you are buying new).
• A transfer tax of 6.5% for a re-sale property.
• Attorney fee
• When it's all said and done, expect to pay about 8.0% to 10.0% of the purchase price in added costs.

Legal & Tax Advice _(In-house)

• Legal & tax assistance in property transfer
• Handling the purchase process until the final land registry entry
• Open a Spanish bank account for utilities bills i.e. water , electric, monthly community fees
• Applications for water, electricity and telephone supply ( new owner name )
• Buying process, legal and tax matters
• Mediation and advice (guidance) on property purchase
• Calculation of the total purchase costs and taxes (Estimating a provision of funds) 10%
• Application for Tax-Number / NIE
• Coordinating Mortgage loans through the most reputable Spanish Banks
• Multilingual contracts (on request)