There is no fixed fee when it comes to selling a property in Spain as there are many factors that influence the amount of taxes to pay. Generally speaking in Spain on average the buyer will end up paying around 12%-14% on fees and taxes and the seller around 23% on the profit made from selling the property.
How do I sell my flat in Spain?
The Steps to Selling Property in Spain
- Appoint a Professional Real Estate Agency.
- The Formal Offer and Letter of Intent to Reserve.
- The Private Arras Contract (Contrato Privado de Arras)
- The Public Purchase Sale Deed (Escritura de compraventa)
- Capital Gains Tax.
- Plusvalía Tax.
- Mortgage Cancellation Fees (if applicable)
How much are notary fees in Spain?
The notary In the case of granting the public deed of sale, prices are between 600 and 875 euros, depending on the price of the property. For example, for a 100,000 euro flat you would pay approximately 850 euros, while for a 250,000 euro flat you would have to pay around 1,000 euros.
What are the costs of owning a property in Spain?
What are the costs of owning a property in Spain? The quick answer is: 0.7% per year: 0.1% Local tax 0.02% National tax(not rented ) 0.05% Insurance 0.1% Utilities (empty) 0.3% Community charges 0.1% Property charges Read our article to have the details
Who is the best lawyer to sell a property in Spain?
Michael Davies is a Spanish lawyer specialised in probate, inheritance tax and inheritance related litigation for ex-pats in Spain. How much does it cost to sell a property in Spain?
Why is Spain a good place to buy an apartment?
That’s not all. Spain is one of the most popular destinations among overseas real estate buyers for its warm climate, affordable property and right to permanent residency for real estate over €500,000. Apartments for sale in Spain are the most sought-after properties by buyers.
Do you need Nie to buy property in Spain?
The obvious answer is yes. You want to finance a property in Spain, you will have taxes, utilities, Get it right away. In order to open your bank account, you will need a NIE, see our news on that. How much tax do you pay when buying a property in Spain?
