Introduction
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 TypeTypical RangeProperty Transfer Tax (ITP)6–10% (resale properties)VAT (IVA) + Stamp Duty10% + 1.5% (new-builds only)Notary Fees0.5–1%Land Registry0.5–1%Legal Fees1–2%Mortgage Setup (if needed)1–2% of loan valueProperty 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
TypeTax AppliedNew-build10% VAT + 1.5% stamp dutyResale6–10% 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).
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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.