The fees

Legal fees: min 1.200-1.800 Euros or 1% of the purchase value whichever is the greater, plus value-added tax (IVA) currently charged at 16% on the fee amount.

Notary fees: the scale is fixed by law and may range from 300 Euros for lower priced properties to 840 Euros for higher priced properties.
Property Registry: as a rule of thumb 60% of what the notary charges.

The taxes

Transfer tax (ITP) at 7% of the purchase price, or when buying from a promoter, developer or habitual trader, IVA at 7% plus Stamp Duty at 1%. The IVA rate of 16% is applicable when purchasing plots of land, commercial premises or garage spaces. 'Plus Valia' tax is normally payable by the vendor but it may be stipulated that the buyer pays. This tax may range from a few hundred Euros to as much as several thousand Euros on larger properties with a lot of land. Who pays this will be discussed in the negotiations and in consultation with your lawyer.

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