THE BUYING PROCESS
So you’ve found your Costa Casa….. What next?
Here is our simplified guide to the property purchasing procedure.
Congratulations….. You are now the proud owner of your New home in Spain.
Additional Costs. Purchase Tax 8% for resales or 10% for new build properties. Stamp duty 1%. Lawyers and Notary fees which vary from property to property.
A general rule is to take into consideration an extra 10%-13% of the purchase price.
Mortgages: For a resident the bank will loan up to 80% and for non-resident up to 70% of the purchase price.