For resale:
- 6.5% transfer taxes
- +/- EUR 2500 notary and registration fees
- 1% of the purchase price + 21% VAT for your lawyer's fees
- +/- €675 for a power of attorney in Belgium/Netherlands or +/- €90 for a power of attorney in Spain
- +/- €10 per person for the NIE number
- +/- €300 for utilities
- +/- €300 for a bank cheque
- +/- €250 miscellaneous costs
For new buildings:
- 7% IGIC
- 1% stamp duty
- +/- EUR 2500 notary and registration fees
- 1% of the purchase price + 21% VAT for your lawyer's fees
- +/- €675 for a power of attorney in Belgium/Netherlands or +/- €90 for a power of attorney in Spain
- +/- €10 per person for the NIE number
- +/- €300 for utilities
- +/- €250 for a bank cheque
- +/- €250 miscellaneous costs
Find more information on the cost of buying in the Canary Islands here.
