What expenses will result in the purchase of a home?

Therefore, the acquisition of a property is subject to a detailed list of <strong>extra costs, </strong> such as these ones:

1. Notary

The consumer has the option to choose the notary, even though <strong>the cost is fixed by law. </strong> Therefore, the rate applied by the notary will depend on the value of the property.

2. Register

The costs of this include <strong>two procedures: </strong>

- <strong>Obtaining simple note</strong>, around <strong>20€.</strong>

- <strong>The registration of the deed of the property</strong> at the Land Registry.

3. Management

The agency charges <strong>are optional</strong>. The consumer can charge everything on her own or pay around <strong>225€</strong> in order to get it done.

4. Taxes

- <strong>If the house is new, two taxes must be paid</strong>. Firstly, <strong>VAT</strong>, equivalent to <strong>10%</strong> of the value of the house.

On the other hand, <strong>the tax of stamp duty</strong>, which depends on the place of the property.

- <strong>If it's not a new house, we will only have to pay the <strong>transfer tax (ITP) </strong>, which also depends on each autonomous community.

For any other issue, please contact our team of professionals to help you solve all your concerns.