Legal Procedures

Signing the reservation contract.
Your property is taken off the market, to make sure no one else can buy your dream home.

The lawyer will conduct “due-diligence”.
To make sure there are no construction violations, cancel any eventual charges the property may have and ensuring everything is legally correct.

NIE and opening bank account.
When you choose our in-house lawyer, all these legal matters are included in the service. To make things easy a power of attorney is granted.

Signing of the deed at the notary.
When the previous steps are completed successfully, our lawyer will make an appointment with the notary to sign the deed.

Transfer tax and register property at the land register.
Also this will be taken care of by our in-house lawyer.

Purchase Costs

New developments:

• 1O% IVA (VAT)
• Notary fee between 600€ to 1.500€ depending on the amount of the
  purchase and documents attached to the deed.
• Cost for the land register between 500€ and 1.000€
• 1% lawyer fee to perform the “due diligence”
• 1,2% “stamp duty” (taxes to register all documents only for new
  developments)

Resales properties:

•  7% ITP (property transfer tax) (new law as per 1/1/2022)
• Notary fee between 600€ – 1.500€ depending on the amount of the
  purchase and documents attached to the deed.
• 1% lawyer fee to perform the “due diligence”
• 500-1000 € registration in the land register

If you choose a mortgage loan for the purchase of your property with a Spanish Bank, you will be charged 0.5% to 1.5% fee.
Property evaluation costs around 400€.
If required, we are also happy to find a suitable mortgage for you.