Fuengirola Estates office

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FAQs

Frequently asked questions

Clear answers to the most common questions from our clients

Do I need a Spanish bank account to buy?

Yes. To buy a home in Spain, you need a Spanish bank account to manage payments, taxes and other purchase-related expenses. You must also obtain an NIE (Foreigner Identification Number), which is essential to complete the transaction.

Our agency works with a specialist immigration legal team that can help you open a Spanish bank account and obtain your NIE quickly, safely and without complications, supporting you throughout the process.

What taxes do I pay when buying in Spain?

When buying a home in Andalusia, taxes vary depending on whether it is a resale property or a new-build property.

• Resale property: the main tax is ITP (Property Transfer Tax), currently 7% of the purchase price throughout Andalusia.

• New-build property: 10% VAT applies to the property price, plus 1.2% Stamp Duty (AJD).

In addition to taxes, other purchase-related expenses must be considered:

• Notary: approximately 0.3%–0.4% of the purchase value. This is an estimate and may vary depending on the transaction.

• Land Registry: normally between €600 and €800, depending on the property value.

• Lawyer’s fees: approximately 1% of the purchase price.

• Property agency: there is no agency fee for the buyer when purchasing the property.

What is the buying process step by step?

The process consists of four key stages:

1. Property reservation
2. Deposit agreement
3. Public deed before a notary
4. Registration in the Land Registry.

You can read the full article with details of every step here. It is especially useful if you are buying your first home on the Costa del Sol.

Do you work with clients who live outside Spain?

We speak English, Italian, French and German. We also work with a specialist legal team offering advice in Swedish, Polish and Norwegian, ensuring clear communication and professional support throughout the process.

What sales commission do you charge?

Our agency fee is 5% plus VAT of the property’s sale price, a standard rate on the Costa del Sol. We work with complete transparency from the outset, with no hidden costs or surprises.

We clearly explain everything included in our services so you know exactly what you are contracting and can make decisions with full confidence.

Do you have more questions?

Contact our team. We will be happy to help, answer any questions and support you at every step of the process.

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