Costs

These are given as a guide line.

 

New properties

10 % I.V.A. – (VAT) of declared price

AJD – Stamp duty 0,5 – 1 % of declared price

Notary fee – approx. 1 % of declared price

Registration of Title Deed – approx. 0,4 – 0,8 % of declared price

Plusvalia tax – capital gains tax on plot, approx. 0,3 – 2 % of declared price

Electricity connection – approx. 155 €

Water connections – approx. 175 €

Due to above you need to calculate approx. 13 % on top of the purchase price to cover for the costs.

Solicitors fees – approx. 1 % of purchase price.

 

Resale properties

10 % Transfer tax of declared price

Notary fee – approx. 1 % of declared price

Registration of Title Deed – approx. 0,4 – 0,8 % of declared price

Plusvalia tax – capital gains tax on plot, approx. 0,3 – 2 % of declared price

Electricity connection – approx. 155 €

Water connections – approx. 175 €

 

Annual running costs:

  • Telephone (if installed)
  • Insurance
  • Water and electricity (standing charge + consumption)
  • Community fee (if you share gardens, swimmingpool etc.)
  • Taxes (you are obliged to submit a tax form on an annual basis)
  • Local rates
MedProperties are a local estate agent for clients wanting to buy, sell or rent property in the Costa Blanca and Costa Calida area.
We list properties from Alicante in the North down to Mazarron in the South including the inland areas, forming a triangle (areas like Pilar de la Horadada, Mil Palmeras, Torrevieja, Roda Golf, La Tercia, San Javier, Rojales, Quesada, Los Montesinos, Guardamar del Segura) in this beautiful part of Spain.