Calculation example of the total cost
- When buying house of 100,000 € -
| Purchase amount | 100.000 € | |
| 10% tax | 10.000 € | (or 10% VAT for New construction) |
| NIE (9,5€ per person) | 19 € | |
| Power of attorney (If necessary) | 100 € | max (depending on notary) |
| Notary | 900 € | max (depending on notary) |
| Cadastre | 500 € | max (depending on notary) |
| lawyer | 1.500 € | max (depending on lawyer) |
TOTAL: |
113.019 € |
|
| Cost percentage | 13,00 % |
If a NEW CONSTRUCTION is concerned, 1.5% stamp duty will apply = 1,500 €
Note: The smaller the purchase amount, the larger the cost percentage becomes
- When buying house of 200,000 € -
| Purchase amount | 200.000 € | |
| 10% tax | 20.000 € | (or 10% VAT for New construction) |
| NIE (9,5€ per person) | 19 € | |
| Power of attorney (If necessary) | 100 € | max (depending on notary) |
| Notary | 900 € | max (depending on notary) |
| Cadastre | 500 € | max (depending on notary) |
| Lawyer | 1.500 € | max (depending on lawyer) |
TOTAL: |
223.019 € |
|
| Cost percentage | 11,50 % |
If a NEW BUILD is concerned, 1.5% stamp duty is added = 3.000 €
Note: The smaller the purchase amount, the larger the cost percentage becomes