In this case study I will calculate the purchase cost of a Resale apartment in Andalucia for sale for €120,000
As the villa is a resale ITP is applicable. The rate of ITP in Andalucia is 7%
The rate of ITP in Andalucia is 7%
The total taxes to pay are therefore 7% = €8,400
Notary fees on a property value of €120,000 are approximately €710
Land registry fees on a property value of €120,000 are approximately €420
At the upper estimate of 2% legal fees are €2,400
Bank charges should be minimal if you follow the advice given.
Cost | Amount |
Property Price | €120,000 |
Taxes | €8,400 |
Notary Fees | €710 |
Land Registry Fees | €420 |
Legal Fees | €2400 |
Bank Charges | €0 |
TOTAL | €11930 |
As a percentage of the purchase price: 9.942%