Generally the total expense incurred in buying a property in Spain is about 10% of the purchase price.

Below is a typical example of a property valued at £ 100,000

IVA (Spanish VAT)@ 7%
Stamp Duty (on new build) 1%
Legal Fees (Spanish lawyer) 1%
Notary Fees (approx. 0,5%)
Land Registry (approx. 0,5%)

£ 7,000
£ 1,000
£ 1,000
£ 500
£ 500

Total

£ 10,000

Connection charges for water and electricity on new properties are approximately £300


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