ALACANT ESTATES - Properties in Costa Blanca

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Purchase expenses

 

As almost all prices are stated as net prices in Spain you must as a rule of thumb calculate an extra 11-13% to the advertised price. The 11-13% will cover the following fees:

 


Type of cost resale property

Price
Example
300.000 €

Lawyer's fee
Depending on the price of the property and the complexity of the purchase

0,5 - 1% 3.000 €

Transfer Tax (ITP - Impuestos de transmisiones patrimoniales)

10 % 30.000 €

Notary fee (maximum)

0.5% 1.500 €

Property register fee

0.1 - 1% 425 €

Utility contracts - change of electricity, water, gas

400 - 600 € 500 €

TOTAL additional cost

11 - 13% 35.425 €

 

Cost of owning a property in Spain

 


Type of cost (per year)

Price

Insurance
Depending oo the price of the property and the content

From 200 €

Annual property tax

0,2 - 2,5%
Base - Valor Catastral

Local annual property tax (IBI)

0,2 - 1,1%
Base - Valor Catastral

Community fees
Pool, garden, security, general maintenance

400 - 600 €

Utility contracts - fixed cost
Electricity, water, gas, garbage

400 - 600 €

 

For more information please contact us.

Contact us now!

Speak with one of our real estate agents please call us on
(+34) 966 69 51 52
or send us an e-mail today!

mail@alacant-estates.com
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