property price plus tax ?

I have never seen a property up for sale ..that included purchase Tax ....you should allow at least 10% on top of the price paid for Tax/solicitor's Fee's. Everyone has to pay these Fee's in Spain  (so it will go without saying).

I've read here there and everywhere that you should allow 10-15% above the asking price for certain things, but I wasn't so sure if this included the tax for the property, if it does and it is 10% is it safe to say that the other 5% is enough to cover solicitor fees and whatever else is involved in buying in spain? Please excuse the dumb blonde Q's I'm not always this bad lol

Hi Shanamat

There are no dumb questions when buying a property!  So don't be afraid to ask!  Typically you will need to allow 10 to 12% on top of the selling price.  This will cover tax and solicitors fees etc.  Your estate agent will tell you what to allow, Mercers are very helpful.

Good luck with your search.

Thank you both for the replies, and thank you for putting me at ease by saying there’s no dumb Q’s :-) 

Yes would say between 10% 15% on top of Price.Dont forget the Connection Fees after Purchase for Services.

The Tax (IVA) on a new property is 4% and on a preowned property it is 10%. Then you have your solicitors fees which can vary, the Notary fees and Land Registry. A friend of mine who has recently moved also had to pay €3500 for the Deeds. Add on the connection charges for utilities, phone etc. My local estate agent says budget for 18% in total.

Think we allowed ourselves circa 10-12% and this was more than enough

You must have bought a new house at 4% IVA otherwise it would be 10% on a pre owned house.

I know I originally posted this but thought I’d reply as it may benefit others, we bought a resale in May IVA was 8%. The house we purchased was 74k total expenses including the IVA for everything was 83k so we were approx 13%.

I know it’s a little bit late but thanks for the great advice from you guys.