Are you considering buying a home in Mallorca? Before you do so, it’s a good idea to know exactly which taxes and fees will be included in the purchase. Also, we recommend that you read about the process of buying.
When you buy a property in Spain, you’re expected to pay a number of different fees that usually add around 10-13% to the purchase price. Added to these buying costs, you will be expected to pay most taxes – apart from land tax and the selling agent’s fees. There are fees and taxes for rentals as well, for this please read our rental license FAQ.
We’re can help you make sure you know exactly what the buying costs and total fees will be before you sign a contract.
Fees are normally based on the declared value of the property as determined by the local authority. They may include:
For our property glossary click here.
If you have any questions about fees, feel free to contact us.
The information given above is accurate as at November 2017. It is meant only as a guide.