Notary Fees (Statutory)
Notary fees vary based on the property price and region. We use an average cost based on historical data.
Ranges between 0.2% and 0.5%
Value we used: 0.35%
Land Registry (Statutory)
Registering the property deed with the Land Registry is necessary for the property to be officially yours. The fee is correlated with the property value.
Ranges between 0.1% and 0.25%
Value we used: 0.2%
Transfer Tax (Statutory)
Also called the Impuesto de Transmisiones Patrimoniales (ITP), this tax varies by Autonomous Community, ranging from 6% to 10% of the property's price when purchasing a resale property.
Value we used: 6.0%
Property Appraisal (Statutory)
Banks require a property appraisal of the property for a mortgage. You can rely on the bank for the survey or you can instruct a certified independent surveyor yourself.
Value we used: €400
Bank Analysis (Statutory)
Standards costs for obtaining documents and completing administrative tasks to ensure a smooth property transaction.
Value we used: €350
Real estate agent (Optional, Negotiable)
Real estate agency fees cover the service of finding your ideal property.
Ranges between 1.0% and 6.0%
Value we used: 3.0%
Legal counsel (Optional, Negotiable)
Legal fees vary by service complexity, office, and property value. Hiring a legal professional is advisable for handling legal aspects.
Ranges between 1.0% and 3.0%
Value we used: 1.5%
Opening fee (Optional, Negotiable)
Some banks may charge fees for account opening or mortgage services, typically calculated as a percentage of the borrowed amount.
Value we used: 1.0%