Property lawyers
in Barcelona and Tenerife

Call: +34 902 585 435
Mon-Fri: 9:00 - 17:00

Contact us
Phone: +34 902 585 435
+34 932 155 393

Fax: +34 911 817 574

Skype user: strongabogados

Business Hours
Monday to Friday
9:00 - 17:00

Barcelona office:
Balmes 177, 4 2
08006 Barcelona
Spain
(Click for map)
 
Tenerife office:
Plaza 25 de Julio, 4, 1D
38004 Santa Cruz
Spain
(Click for map)
Expenses Calculator

Our Expenses Calculator will provide an estimate of all expenses that you need to pay when buying a house. Use these figures as a guideline only: the actual figures will vary according to the property's location and the bank you choose, among other factors. To the total, you must add your mortgage payments, and comisión de apertura if your bank charges it.

       
  Your Data
  House price: €
  Downpayment: %   or   €
  Lawyer's fee: %   or   €
  Type of home: New construction Existing home
  Will you be getting a mortgage? Yes No
  Mortgage amount requested: %   or   €
       
  Results
  Lawyer's fee: € due date according to lawyer
  Downpayment: € due to the seller on signing contrato de arras
  Appraisal: € due to the bank immediately
  Portion outside mortgage: € due to the bank a week before the closing
  Taxes: € due to the bank a week before the closing
  Notary fees: € due to the bank a week before the closing
  Property Registry fees: € due to the bank a week before the closing
  Bank fees: € due to the bank a week before the closing
  _____________
  Total: €

 

 

 

Taxes

There are two taxes you generally pay as buyer:

  • For an existing house, you pay a transfer tax(impuesto de transmisiones patrimoniales). For a new construction, you pay a VAT tax. Both are usually 7% of the price of the house.
  • stamp duty (impuesto de actos jurídicos documentados).

    Both taxes may vary depending on where the property is located.

     

    Notary and Property Registry fees

    If you are getting a mortgage, the bank requires deposits to cover maximum potential payments. Once the bank pays these fees and you receive your registered escritura, some portion of these payments may be returned.

    If you are not getting a mortgage, then the actual numbers will probably be less than shown. Note that with our premium conveyancing service, we handle the administration of payments for you.

     

    Bank fees

    These fees include:

  • the administration of payments (gestión) to the tax office, notary, and property registry.
  • insurance payments for the first year. (The bank requires that you get life insurance and house insurance.)

    • Note that the appraisal is also required by the bank.