Costs When Buying a New-Build Property in Marbella Area
Thinking about purchasing a new-build property in Marbella? Understanding the full cost of your investment is crucial. Whether you’re buying a holiday home, a rental investment, or a permanent residence, this guide breaks down the typical costs and taxes involved when buying directly from a property developer in the Marbella area.
Example: New-Build Property Purchase
- Purchase Price: €700,000
- Purchase Type: New property (direct from developer)
Taxes on a New-Build Property
When purchasing a new property directly from a developer in Spain, two main taxes apply:
| Tax Type | Rate | Amount |
|---|---|---|
| VAT (IVA) | 10% | €70,000 |
| Stamp Duty (AJD) | 1.2% | €8,400 |
| Total Taxes | €78,400 |
Other Purchase Costs
In addition to taxes, several professional and administrative fees apply. These are typical estimates:
| Cost Type | Estimated Amount |
|---|---|
| Lawyer Fees | €5,600 |
| Notary Fees | €1,200 |
| Land Registry Fees | €800 |
| Bank Transfer / Cheque Fees | €500 |
| Total Additional Costs | €8,100 |
Total Estimated Cost
- Total Property Price: €700,000
- Total Taxes & Fees: €86,500
- Grand Total: €786,500
Spanish Mortgage Options for Non-Residents
If you’re not a resident in Spain, you can still apply for a mortgage through a Spanish bank. Non-residents are usually eligible for up to 50% financing:
- Maximum Mortgage: €350,000
- Bank Valuation Cost: €500 – €1,000 (approx.)
In certain cases, higher financing up to 70% may be available depending on your financial situation and the bank’s criteria. We recommend a consultation with a mortgage advisor, which we can help arrange.
Expert Guidance Throughout the Process
At Domosmar, we work closely with trusted lawyers, notaries, and tax advisors to ensure a smooth and transparent buying process. Every client receives personal guidance tailored to their situation.
Ready to explore Marbella’s finest new-build properties? Contact our expert team today for personalised advice and handpicked listings that meet your needs.