When buying a house in Nerja, as in the rest of Spain, there are several taxes and expenses associated with the purchase of a property to consider. Here are the main ones:
Property Transfer Tax (ITP)
This tax applies to the purchase of second-hand properties. In Andalusia, the rate varies depending on the price of the property, and for 2023, rates are generally 8% for the first price brackets (up to 400,000 euros). From that amount, higher rates may apply.
VAT (Value Added Tax)
If you buy a new home (from a developer), instead of the ITP, you pay VAT, which is 10% of the price of the home.
Documented Legal Acts (AJD)
This tax applies to the purchase of properties and is usually 1.5% of the price of the deed.
Notary and registration fees
In addition to taxes, you must take into account the notary fees and the cost of registering the property in the Property Registry, which can vary depending on the price of the property.
Real estate agency fees
If you have used the services of an agency, you must also consider their fees, which are usually a percentage of the sale price.
It is advisable to consult with an advisor or lawyer specializing in real estate in Spain to obtain updated information specific to your case.
If you are looking for properties in Nerja, you can do a quick search for properties in the group, online pages or consult the Nerja property search engine.
Normally, properties for sale in Nerja are sold within a few days. It is a fast and silent market.
