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Spanish lawyer Alex Radford outlines the typical legal fees and buying costs involved when purchasing property in Spain. It covers what to expect from your Spanish property lawyer, standard disbursements, taxes, and other related expenses.

Key points:
Lawyer engagement: Terms of business should set out transaction costs, legal fees, and disbursements.
NIE (Spanish tax number): Required to open a bank account, pay taxes, buy property, and apply for a mortgage. Typical agent fee: €95 (includes applicable state taxes).
Power of Attorney: Can be signed in your home country or in Spain; notary fees vary by location.
Land registry searches: Approximately €73, often available in English.
Legal fees: Commonly around 1% of the purchase price with a minimum fee (often €1,600–€1,700) plus VAT at 21%. Example: around €2,000 in legal fees for a €165,000 purchase.
Andalucía example: With a 7% transfer tax, a general guideline is to allow approximately 10% on top of the purchase price to cover total transaction costs.
Notary fees: May apply for signing a Spanish will or a power of attorney; typically lower if signed in Spain than abroad.

Note: Rates and practices vary by region and can change. Always confirm current figures and procedures with a qualified property lawyer and relevant authorities.

Contact Alex Radford
Email: [email protected]
https://www.mylawyerinspain.com/

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