To ensure the legality and proper formalization of the transaction, it is important to consider the following information during the purchasing process. Also, the costs associated with notary services and administrative agencies when purchasing a newly built home in Spain can vary.
Generally, the following are the typical expenses involved:
Notary Fees: These fees cover the notary’s services for the deed of sale and are influenced by the property’s value and the complexity of the transaction. On average, notary fees range from 0.5% to 1.5% of the home’s purchase price.
Administrative Agency (Lawyer) Fees: The administrative agency is responsible for handling various administrative tasks related to the purchase, including tax settlements and document preparation. The costs for these services typically range from €1,000 to €2,000.
It is important to note that these expenses may vary based on the property’s location and value. Therefore, it is advisable to confirm these costs with a qualified professional or consult the specific notary and administrative agency involved in the transaction.