What are the taxes and fees that are related to the purchase? This is a question we must resolve before making the final decision to purchase a property.
Well, there is a range of taxes and fees that are the buyer's obligation to pay in order to make the purchase.
We recommend having 12% of the purchase price to cover these taxes and fees. Below is a simple description of the costs:
10% Transfer Tax
0.75% Notary fees (approx.)
0.75% Land Registry and Cadastre
0.5% Lawyer (some lawyers charge a fixed fee).
On the other hand if you need a mortgage to finance part of the purchase, there are some Notary and Registry fees subject to it. Please check with your bank.
We invite you to take a look at our catalogue of properties for sale in Moraira