Costs of Buying Property in Javea

If you buy property in Javea, you need to know about buying costs. Read on to find out about stamp duty, notary and registry fees and most importantly about changes in Javea law regarding the costs for buying property in Javea.

As a general rule of thumb, we recommend that all buyers add another 11-12% on top of the purchase price.  This way, all expenses are covered.

Javea Buying costs check list:


  • Stamp duty is charged at either, 10% of the purchase price OR 10% of the rateable value multiplied by 3.7 – whichver is the higher figure.
  • Notary fee
  • Land Registry fee
  • General admin of new title deeds

When purchasing land or garage spaces directly from a builder / property promotor, then the purchase may be subject to VAT instead of stamp duty.  VAT is normally charged at 21% however.

If you buy with a mortgage, then you will have the following additional expenses
:

  • Stamp duty is charged at either, 10% of the purchase price OR 10% of the rateable value multiplied by 3.7 – whichver is the higher figure.
  • Notary fee
  • Land Registry fee
  • General admin of new mortgage deed
  • Bank survey
  • Mortgage arrangement bank charge

Other things to consider, which will also incur costs are the following:

  • Property surveys
  • Solicitors fees
  • Life insurance
  • House insurance
  • NIE numbers
  • Bank commissions
  • New contracts with utility companies (if applicable)

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