Standard forms of payment
Please note that with the market liberalization the costs for utilities such as water, electricity, telephone, broadband, etc. will vary from supplier and these are normally based on usage. With regards to building and contents insurance, the cost of the policy will depend on several factors including the amount of cover needed.
For those using the property as a second home or investment there is also an annual tax payable to the Spanish tax authorities and which is based on the fiscal value of the property. Current Price 329.000€ + Taxes = 352.030 Euros (7% ITP until the end of 2021 then returns to 8%). This price does not include notary and registration fees. The rates applied are the highest, and the buyer can, due to their characteristics, benefit from some tax deductions. We recommend as a guide that you allow 11% on top of the price agreed to cover costs of purchase, more info: Purchase Guide Spain.
For more information about the property including all the legal documentation as set out in the regional decree 218/05 of 11th October please contact us by phone or e-mail. Viewings are only with prior appointment.