The buyer’s costs, or transfer tax, in Spain amount to 10% of the purchase price of a home. On top of this are the lawyer’s fees (usually 1-2% with often a minimum of 2000 euros excluding VAT), the notary costs (approximately 1%) and any agent’s commission (varies per region). The agent’s commission is not valid in every region, outside of the Valencia region (which involves a commission of 3% excluding VAT and with a minimum of 3000 euros). Please feel free to inquire if you have any questions. For new construction, one does not speak of transfer tax but of 10% VAT (IVA in Spanish). We recommend that you always calculate the additional costs well, so that you are not faced with any surprises afterwards. You can read more about the total costs in the article Purchase process in Spain.

Yes, that is possible, although you must take a number of preconditions into account when taking out a mortgage. For example, the maximum end age for a mortgage is 75 years, the maximum term is 25 years and you pay off the mortgage using an annuity mortgage. As a non-resident, you can also have a maximum of 70% of the sales price (or appraisal value, which is often lower) financed.

Read more about financing a house in Spain on our Mortgage in Spain page.

When buying a house in Spain, it is possible to finance up to 70% of the sales price (or appraisal value, which is often lower) as a non-resident. You will have to be able to contribute the remaining 30% of the sales price yourself. In addition, there are buyer costs, which are on average 15% of the sales price.

When you work as an employee:

• Pay slips for the past three months
• Most recent tax return
• Mortgage statement from bank for your own home
• All account statements from the past six months

When you work as a self-employed person:

• Two most recent annual accounts
• Two most recent tax returns
• Mortgage statement from bank for your own home
• Bank statements for the past three months
• In case of rental income, all rental contracts