Cost of Buying Property in Spain: Full Breakdown
Taxes and fees when buying property in Andalusia: ITP, notary, lawyer, registry, and ongoing ownership costs for Marbella and Costa del Sol buyers.
When budgeting for a property purchase in Spain, the asking price is only part of the story. On the Costa del Sol, buyers typically pay an additional 10–14% in taxes and professional fees on top of the purchase price.
Resale property: ITP at 7%
ITP (Impuesto de Transmisiones Patrimoniales) is the property transfer tax on resale properties in Andalusia. At 7% of the purchase price, it is the largest single additional cost.
- €400,000 property → €28,000 ITP
- €700,000 property → €49,000 ITP
Professional fees
- Notary: approximately €600–€1,500 (0.1–0.5% of price)
- Land registry: approximately €400–€1,000
- Property lawyer: approximately 1% plus IVA (21% VAT)
- Gestor: €300–€1,500 for administrative paperwork
New build vs resale
New builds have a different tax structure: IVA (VAT) at 10% plus AJD (Stamp Duty) at 1.2% in Andalusia, approximately 11.2% total instead of 7% ITP.
Ongoing ownership costs
After completion, budget annually for IBI (local property tax), community fees, basura, non-resident income tax, and buildings insurance.
Budget rule of thumb
Add 12% to your maximum property budget for the true purchase cost. If your property budget is €500,000, you need approximately €560,000 total to complete comfortably.
Use the AI cost calculator in your PlanMarbella buying plan for a breakdown tailored to your budget.
Frequently Asked Questions
How much extra do you pay when buying property in Spain?
Expect 10–14% on top of the purchase price. On a €500,000 property that is €50,000–€70,000 in additional costs.
What is ITP tax in Spain?
ITP is the property transfer tax on resale properties. In Andalusia it is 7% of the purchase price.
What taxes apply to new build property in Spain?
New builds attract IVA at 10% plus AJD at 1.2% in Andalusia, approximately 11.2% total.