Buy property in Malaga

Expenses when buying a home in Andalusia

notary

The cost of the notary is divided between the buyer and seller according to the law, although in some cities it is common for the buyer to pay the entire amount. The amount varies depending on the value of the property and the length of the deed. The fees are regulated by the official association of notaries and published on their website and some notary offices.

Property registration

After signing the purchase before a notary, you must change the ownership of the property in the property registry of your municipality, presenting the property deed. This process is necessary every time the owner of a property changes. Registration costs are set forth by the college of registrars.

Agency

You can hire an agency to handle the purchase and sale procedures. If you buy with a mortgage, the bank's management will be in charge of paying the taxes and changing the property registry. The cost of the agency is approximately €350 plus VAT.

I.T.P. (Patrimonial Transmission Tax)

This tax is paid by the buyer to the housing department of the autonomous community. In Andalusia, the general rate is 7% after a reduction valid until December 31, 2021. Some 3.5% discounts apply to those under 35 years of age, people with a disability equal to or greater than 33%, and large families, as long as the habitual residence does not exceed €129,999 for those under 35 years of age. and €180,000 for the other two groups.

These are the expenses associated with a home purchase and sale in Andalusia. For a personalized study, request advice by filling out the following form.