New Build Property Purchase Costs in Spain

Buying a new build property in Spain offers exciting benefits—modern design, energy efficiency, and the potential for capital growth. But before you sign on the dotted line, it's important to understand the associated purchase costs.

Here’s a clear breakdown of what to expect when buying an off-plan property:

What Are the Main Costs?

1. VAT (IVA)

Unlike resale properties, new builds are subject to VAT rather than transfer tax.
Rate: 10% of the purchase price.

2. Stamp Duty (AJD)

A tax applied to new-build purchases and legal documentation.
Rate: 1% to 1.5%, depending on the region.

Murcia/Costa Cálida: 1.5%

Valencia/Costa Blanca: 1.5%

3. Notary & Land Registry Fees

Mandatory to formalise and register the purchase.
Notary: €600–€1,200
Land Registry: €400–€700

4. Legal Fees

A licensed Spanish solicitor will handle contracts, check planning permissions, and ensure developer compliance.
Typical Fee: 1%–1.5% of the purchase price.

5. Banking & Mortgage Fees (if applicable)

Valuation Fee: €250–€600

Mortgage Arrangement Fee: ~1% of loan

Stamp Duty on mortgage: ~1% of loan amount

Bank Account Setup: Varies

6. NIE Number

A legal requirement for all property purchases by non-Spaniards.
Cost: €100–€150

Estimated Total Costs

Buyers should budget approximately 15% of the property price for taxes and fees. This ensures there are no surprises during the purchasing process.

A Few Extra Tips

Stage Payments: Off-plan properties are typically paid in installments during construction. Ensure all payments are covered by a bank guarantee, as required by Spanish law.

Due Diligence: Your lawyer should verify the developer's licenses, timelines, and financial health.

Completion Times: Expect 12–24 months between reservation and key handover, depending on project phase, this could be much sooner.

Ready to Explore New Builds in Spain?

We offer a curated portfolio of off-plan villas, apartments, and townhouses from the most trusted developers—always at direct prices with no hidden fees.

Browse our New Build listings, or Contact Us to discuss your budget and timeline.

Let’s find your place in the Spanish sun—starting with the right knowledge.