Magazine on life and property on the Costa del Sol

Buying Guide

How much do I pay on top of the purchase price?

For a resale home, allow roughly 9 to 10% of the price, and for a new build roughly 13 to 14% of the price, VAT included. That assumes your own lawyer and no mortgage.

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A reservation, a purchase contract and a deposit all bind you, and so can a signed offer that the seller accepts. Spain has no cooling-off period for home purchases, so let your lawyer read everything before you sign or pay.

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It is not required by law, but we always recommend that you use your own lawyer, who works for you and not for the seller or developer.

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The notary is a neutral public official who draws up and authenticates the deed so the change of ownership can be registered. The notary does not work for you and does not check the home.

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Buying a resale home without a mortgage often takes 1 to 2 months from accepted offer to keys. With a Spanish mortgage it often takes 2 to 4 months.

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