Resale vs new-build
Resales attract ITP (the transfer tax) which varies by region — 6% in Madrid, 7% in Andalusia, 10% in Valencia and Catalonia. New-builds attract IVA (10%) plus stamp duty (AJD, around 1.5%). The calculator handles both.
Tool · Spain
What will it really cost to buy in Spain?
Headline prices in Spain are only the start. By the time you account for transfer tax, IVA, notary, registry, your lawyer and any mortgage arrangement fees, expect to budget an extra 10–14% on top of the asking price. This calculator estimates all of it in pounds.
Spain affordability
What will it really cost?
A directional estimate of the total cash you'll need at completion in Spain — including taxes, lawyer, notary and registry fees.
Advanced — GBP/EUR rate
Estimated buyer costs
Cash needed at completion
£142,355
Includes deposit, taxes, fees
Monthly mortgage
£1,044
On £187,850 over 25 yrs
Deposit
£101,150
35% of price
Acquisition costs
£41,205
Taxes, notary, lawyer, registry
| Line item | Estimate |
|---|---|
VAT (IVA, 10%) Charged on new-build only. IGIC applies in the Canaries. | £28,900 |
Stamp duty (AJD, 1.5%) Average mainland AJD rate; varies by region. | £4,335 |
Notary (~0.5%) | £1,445 |
Land registry (~0.4%) | £1,156 |
Independent lawyer (~1%) Always use an independent lawyer — not one provided by the seller or agent. | £2,890 |
NIE, translations & admin | £250 |
Mortgage arrangement (~1%) | £1,879 |
Bank valuation | £350 |
Property price: £289,000 · €338,130 at £1 ≈ €1.17
- Closing costs in Spain are typically 10–14% of the property price on top of the headline figure.
- UK residents post-Brexit usually need 30–40% deposit; rates vary 3.5–5.5% on Spanish euro-denominated mortgages.
- Figures are estimates only — your lawyer will confirm exact amounts before completion.
Estimates only. Beyond Britain provides editorial guidance and connects UK buyers with trusted local specialists. Always verify final figures with your Spanish lawyer and mortgage broker.
Deposits for UK buyers
Spanish banks typically lend up to 60–70% on a non-resident mortgage, so UK buyers should budget a 30–40% deposit. Rates have eased — most product offers sit between 3.5–5.5% over 20–25 years.
Currency & transfer
High-street banks typically charge 2–3% over interbank on euro transfers. A regulated FX broker can cut that to under 0.5%— meaningful on a £300k+ purchase. We'll happily introduce you to ours.
Next step
Ready to see what £289,000 actually buys?
Tell us your budget and timeline. We'll introduce you to our on-the-ground specialist in Spain and send a shortlist of vetted developments within 24 hours.
Disclosure
This calculator returns directional estimates only — not financial, tax or legal advice. Closing costs in Spain vary by region, property type, lender and date. Always verify final figures with your Spanish lawyer and mortgage broker before committing. Read our latest dispatches.