Reservation: To take a property off the market in Spain, a reservation fee is requested by the builder. This is usually an amount between €6,000 and €9,000.

Notary/lawyer: The notary has a different role than in the Netherlands. A power of attorney is drawn up for the lawyer at the notary. The lawyer then takes over the entire legal process in close collaboration with us.

It is carefully checked whether all legal requirements have been met, whether the building permit is in order, whether the property is debt-free, etc. The lawyer also often draws up the purchase contract in consultation with the builder.

The lawyer can also help you with the application for a NIE number (número de identificacíon de extranjero).

Costs: Comparable to a purchase in the Netherlands, you pay VAT when purchasing a new-build home. In Spain this VAT is 10%. And for existing buildings the transfer tax is 8%. When purchasing, there will be additional costs for the lawyer, notary, land registry, etc. Here you can assume 4% extra costs.

The total additional costs will therefore be approximately 14% of the purchase price.