Costs to Consider When Buying a Property in Catalonia: A guide for Foreign Buyers

Are you thinking about buying a property in the stunning region of Catalonia, whether on the Costa Brava or in Maresme?

It’s a fantastic choice! Whether you dream of a home by the sea or a cozy apartment in a picturesque village, Catalonia has so much to offer. However, it’s essential to understand all the associated costs to avoid surprises. In this article, I’ll guide you through everything you need to know, step by step.


Key Expenses When Buying a Property in Catalonia

1. Taxes:

  • Property Transfer Tax (ITP):
    For second-hand properties, this tax is 10% of the purchase price in Catalonia.
  • VAT:
    For new-build properties, instead of ITP, you will pay 10% VAT plus an additional 1.5% for Stamp Duty (AJD).

2. Notary and Registration Fees:

  • Notary Fees:
    These fees vary but typically range between 0.5% and 1% of the property price.
  • Property Registration:
    Registering the property in your name costs around 0.1% to 0.5% of the recorded value.

3. Property Valuation:

If you need a mortgage, the bank will require an official property valuation. This usually costs between €300 and €600, depending on the size and value of the property.

4. Mortgage Costs:

  • Opening Fee: Some banks charge between 0.5% and 1% of the loan amount.
  • Management Fees: Related to mortgage processing, though some banks cover these costs.

What About Real Estate Agency Commissions?

Here’s some good news for buyers! In Catalonia, it’s the seller who pays the real estate agency commission. This commission typically ranges from 3% to 5% of the sale price, but as a buyer, you won’t need to worry about this expense.


Tips for a Smooth and Secure Purchase:

  1. Calculate the Total Cost: Don’t just consider the property price; add taxes, notary fees, and other expenses to get a clear picture.
  2. Get Expert Advice: Working with a local professional will help you avoid mistakes and find the best property for your needs.
  3. Consider Maintenance Costs: Coastal properties may have additional maintenance costs due to the climate.

Have Questions? I’m Here to Help!

Buying a property in another country can seem complicated, but with the right information and support, it can be an exciting and rewarding process. If you have any questions or need personalized guidance, don’t hesitate to reach out to me.

I’d be delighted to help you find your dream home in Maresme or Costa Brava!

Tatiana Borgström
Master Coach and Property Finder
+39 349 3856874

tatiana@amoreipsum.com


Ready to take the first step toward your new life in Catalonia? Contact me, and let’s talk about your dreams! 🌞🏠