This Blog outlines the total costs for buying and owning property in Barcelona.
The Buyer must pay an additional 11% to 15% of the property’s purchase price for extra costs and taxes. These costs are paid when the Buyer signs the public deed. They include:
Here is an example. A flat that costs 500,000€ will entail about 52,800€ in extra costs as itemized below. These numbers might vary.
When purchasing “new construction” or as a company the taxes vary.
A mortgage requires a second tax and a second deed. As of Oct. 2019, these additional costs must be paid by the Buyer’s mortgage bank. But the bank may impose several other fees, like an assessment of the property, to grant the mortgage. These costs vary from bank to bank and from your relationship with them.
There are 3 costs associated to owning a property in Barcelona:
If you have any further questions don’t hesitate to call us or send us an email at info@toll-wohnen.es