Allow for between 10 and 14 per cent of the purchase price to cover the costs of buying your property in Spain. But this ballpark includes Transfer tax, equivalent to stamp duty, calculated on the property purchase price.

Land Registry fees in Spain are between €400 and €600. Legal fees are usually a percentage of the purchase price – generally 1% – but with a minimum fee. VAT on new-build properties in Spain is 10%.

You'll also need to find the most cost-effective, safe and easy way to move your money abroad when you purchase.  Bank charges and fluctuating exchange rates can both have an impact on your overall cost of purchase - but if you’re well prepared, you can save up to 4% of the cost.  Working with a specialist currency firm will help you achieve currency exchange rates better than the banks, and reduce the risk of your international payments increasing.

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