TL:DR
Buying a property in Spain typically costs an additional 10–13% on top of the purchase price. This includes property transfer tax (6–10%), notary and registration fees (1–2%), legal services (1–2%), and mortgage costs (if applicable). New-builds are taxed differently (VAT + stamp duty).
How Much Does a Property Cost in Spain in 2025?
Property prices in Spain continue to vary significantly by region. As of mid-2025, here are some average price ranges:
- Costa del Sol: €2,500–€4,500 per m²
- Costa Blanca: €1,800–€2,800 per m²
- Madrid & Barcelona: €4,000–€6,000 per m²
- Inland/rural areas: €900–€1,500 per m²
For example, a two-bedroom apartment in Nerja may cost around €200,000, while a similar home in Marbella might exceed €400,000.
Breakdown of Additional Purchase Costs
Here’s a breakdown of typical costs buyers should plan for:
| Cost Type | Typical Range |
|---|---|
| Property Transfer Tax (ITP) | 6–10% (resale properties) |
| VAT (IVA) + Stamp Duty | 10% + 1.5% (new-builds only) |
| Notary Fees | 0.5–1% |
| Land Registry | 0.5–1% |
| Legal Fees | 1–2% |
| Mortgage Setup (if needed) | 1–2% of loan value |
| Property Valuation | €300–€500 (for mortgage buyers) |
Example:
Buying a resale apartment in Alicante for €200,000:
- Transfer tax (8%): €16,000
- Notary + Registry: €2,000
- Lawyer: €2,000
- Total additional cost: ~€20,000 → €220,000 total
Hidden or Optional Costs to Consider
- NIE number – Required for foreign buyers (~€20–€150)
- Power of attorney – If buying remotely (~€200–€500)
- Interpreter/Translator – Optional but useful if not fluent in Spanish
- Bank charges for international transfers
- Home insurance – Required if you take a mortgage
Buying New-Build vs. Resale Properties
| Type | Tax Applied |
| New-build | 10% VAT + 1.5% stamp duty |
| Resale | 6–10% transfer tax (ITP) |
New-builds tend to be more expensive upfront due to VAT, but may come with fewer maintenance issues and energy-efficient certifications.
How to Reduce Your Buying Costs
- Choose resale properties if looking to avoid VAT.
- Shop around for legal and notary services. Some offer fixed rates.
- Use a local mortgage broker to find the most cost-effective lender.
- Buy off-plan directly from developers, which may include incentives like waived notary costs.
Common Mistakes to Avoid
- Underestimating total purchase costs.
- Not hiring an independent solicitor.
- Relying solely on the seller’s agent.
- Skipping a property survey.
- Ignoring regional tax differences (e.g., Andalusia vs. Valencia).
FAQ: Buying Property in Spain in 2025
Can I buy a property in Spain as a non-resident?
Yes. There are no restrictions for EU or non-EU citizens. You’ll need an NIE (foreigner ID number).
Is it mandatory to use a lawyer?
It’s not required by law, but it’s strongly recommended for verifying ownership, debts, and handling contracts.
How long does the buying process take?
Typically 6–10 weeks from reservation to completion.
Do I need a Spanish bank account?
Yes, to pay taxes, utility bills, and receive mortgage funds.
Ready to Buy?
Start browsing properties in Spain on Bostello – and contact our trusted agents to guide you through every step.
Editorial review
Reviewed by
Jesper Franzén
Editor, Bostello
Edits Bostello guides on buying property in Spain for international buyers, with a focus on regions, costs, and what to do next.
This guide was reviewed for accuracy and buyer relevance before publication.