Approximately 12-14% on top of the purchase price. Here is the exact breakdown.
Taxes on New Build Property
VAT (IVA) — 10% of purchase price. On €300,000: €30,000.
Stamp Duty (AJD) — 1.2% in Andalucía. On €300,000: €3,600.
Professional Fees
Notary fees — €600-€1,500. Based on property price.
Land Registry — €400-€800. Registration in your name.
Legal fees — 1-1.5%. BlancaReal’s in-house legal team provides transparent upfront pricing.
Example: €300,000 Apartment at Nylva Homes
Purchase: €300,000. VAT: €30,000. Stamp duty: €3,600. Notary: €1,000. Registry: €600. Legal (1%): €3,000. Total additional: ~€38,200 (12.7%). Total investment: ~€338,200.
What Is Included in the Price
At Nylva Homes, parking and storage are included. Some developments charge separately (€15,000-€25,000 for parking, €5,000-€10,000 for storage).
Ongoing Annual Costs
IBI (property tax): €400-€800/year. Community fees: €100-€200/month. Home insurance: €200-€400/year. Non-resident income tax (IRNR): €200-€500/year.
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Frequently Asked Questions
What percentage are buying costs in Spain?
Approximately 12-14% on top of purchase price for new builds. Covers VAT, stamp duty, notary, registry, and legal fees.
Are parking and storage included?
At Nylva Homes, yes — every apartment includes underground parking and a private storage room.