Buying a home in Spain is not complicated. Yet, it is most likely different from buying a home in your home country. In Marbella, when buying a property you use a lawyer and a notary. Everything is very formal but not difficult.

LVS is here to help you

When you decide to work with LVS we take you through our buying method called "Home For Life".

Our method will help you understand the whole buying process in Marbella. You will know exactly where you stand. From the beginning of your search until you have the key to your new home in your hand. We will also help you to get the best financial and mortgage advice should you need. 

Marbella Property - Taxes and Fees

There are some taxes and fees you need to account for when buying a home in Marbella. Below we describe these taxes and fees which may vary depending on what kind of property you decide to buy. All fees must be accounted for in your total budget.

Tax for Resales Properties

Property Transfer Tax (I.T.P).

This tax is generally paid by the buyer. The transfer tax varies depending on the sales price of the resale house and applies in tranches.

Ø Transfer tax for resale homes:

The Andalucian Government has introduced a special reduction in this tax to a fixed rate of 7% until 31st December 2021.  After this date it 'may' revert to the previous rates shown below.

  • Ø 8% applies to the first tranche up to €400,000
  • Ø 9% applies to the tranche between €400,000 and €700,000
  • Ø 10% applies to the tranche over €700,000

To give you an example based on a property priced at €1,000,000. The Property Transfer Tax payable on this buy would be: Under the 2021 reduced rate offer €70,000

Under the previous non offer rate the Property Transfer Tax would be €89,000.  Calculate as follows (€400,000 x 8% = €32,000) + (€300,000 x 9% = €27,000) + (€300,000 x 10% = €30,000) = €89,000. 

Ø Tax for New Developments and Off-Plan Properties

If you buy a new development home or “off-plan” property you must pay VAT (IVA in Spanish). This is instead of the property transfer tax (I.P.T). The rate is currently 10%. You also pay a stamp duty fee on new developments and “off-plan” properties which is currently 1.5%.

Lawyers’ Fees

These are usually negotiable and vary depending on the sales price of the property. Lawyers’ fees usually range from 0.4% - 1% of the agreed sales price. LVS works with the most respected and professional lawyers available in Marbella. If you want, we connect you with our contacts. You are always welcome to choose whichever lawyer you want. In relation to your home buy, your lawyer will perform due diligence. This includes but is not limited to;

  • Ø checking that the property is free from charges in the Land Registry
  • Ø checking if there are any planning charges to the property
  • Ø checking that the property is up-to-date with all payments. Ie: payment of taxes, community fees and any other expenses
  • Ø write any private sales contracts needed in relation to your purchase.
Your lawyer will also help with services not relating to the actual purchase. Your Lawyer will make sure you get established in Spain as a new homeowner. These services include but are not limited to:

  • Ø getting a Spanish Identity Number (N.I.E.).
  • Ø opening a bank account
  • Ø home insurance
  • Ø setting up standing orders to pay bills
  • Ø organise the change of property owners within the Authorities
  • Ø getting electricity and water supply contracts.

Notary and Land Registry fees.

You will also have to pay Notary and Land Registry fees. Depending on the property price and the length of the deed these fees can range from about €500 to as much as €3,000.

What to do next?

Please contact us: (+34) 952 77 44 33 or email us here

We look forward to helping you find your dream home.

Get in touch with us today

By completing this form, you agree to MarbellaLVS Terms & Conditions and Privacy Policy. Data may also be used to send relevant property news and marketing tips.

Lord Alan Sugar
“Having used them myself, I have found LVS to be very professional, conscientious and can highly recommend them for all your Marbella property requirements.”
Lord Alan Sugar, London
Ana María Macedo and Jon Jonsson
“I am very happy with how Carin at LVS has taken care of me and my family during our Marbella home buying processes. She has carefully listened to what we want and need, and she has suggested properties that we really can see ourselves living in.

Carin is never pushy and never oversells. Still, she is firm in her advice. Her property knowledge is great as well. Carin also responds to any questions or concerns quickly.

I find that Carin genuinely believes that the most important thing is that we find the right property for us. She genuinely puts me as the buyer first. I value that so much in an Agent.

I can highly recommend Carin as your preferred and trusted agent in the Marbella market.”
Ana María Macedo and Jon Jonsson, Sierra Blanca
Charleine Wain
“I just want to say a personal thank you for being so amazing and helping us out so much. This move would not be happening if is wasn’t for you. We cannot thank you enough. ...”
Charleine Wain, Marbella
Pier Morlet
“Carin came in to manage my house as her listing with Luxury Villa Sales (LVS) a while ago. She has been determined to learn about the house to be able to sell it the best to a suitable buyer. A great attitude to have.

Carin has created her own marketing videos for social media to promote my house. And, LVS has advertised my estate in local magazines.

Carin has been very responsive to any of my questions and given me feedback after each viewing she has had.

I find that she has been very good at qualifying buyers before she allows them to come to view my property. She has also been determined to receive the highest offer possible for my property.

Carin and I cooperate and communicate very well. It is a pleasure to work with her. I strongly recommend Marbella LVS as the agent to list your property. I would definitely list with her and LVS again.”
Pier Morlet, Marbella Golden Mile

Latest News

July 20, 2021

Is this the impossible dream? From 4 beds   -   406 m2 built   -   1,062 m2 plot with pool  Some agents might tell you it's...

February 19, 2021

Marbella Hot Properties of the week – all with plenty of sunshine! This weeks selection of Marbella hot properties from Marbella LVS. Please do...

February 11, 2021

Few people realize how just how culturally rich Spain is.  Read more about some of the culture in Marbella. Spanish Culture Spain has the...

Sign up for Property Alerts