PRACTICAL GUIDE · UTILIA WORK

Home buying costs beyond the property price

Budget for taxes, legal and registration fees and other expenses.

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Calculate the full budget

The purchase price may be accompanied by taxes, notary fees, registration, administration, valuation and other costs. In Spain, taxes depend on whether the property is new or resale and on the autonomous community.

Illustrative example

Setting aside €20,000 for a €200,000 property is 10% of its price, but this is not a universal rate. Actual costs can be lower or higher.

Keep a buffer

Alongside the deposit and fees, allow for moving, small repairs and unexpected expenses. Check financing terms before committing.

General educational information. Examples are illustrative; check the conditions and rules applicable to your situation before making important decisions.

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