Apartment Of 76 M² With Sea View In Orihuela Costa

Associated Costs for Buyers in Alicante

When purchasing a property in Alicante, there are additional costs beyond the property price. These costs are mandated by law and vary based on whether the property is new construction or a resale.

Taxes on Property Purchases

For new-build properties, buyers are subject to Value Added Tax (IVA/VAT), which is currently set at 10% as per Law 37/1992. Additionally, Stamp Duty (AJD) is applicable, at a rate of 1.4% starting from June 1, 2026.

For resale properties, the tax involved is the Property Transfer Tax (ITP). This tax is calculated on the higher figure between the declared purchase price and the property’s fiscal value. The ITP rate can range from 3% to 11%, with the specific percentage depending on the buyer’s individual circumstances, as outlined in Royal Legislative Decree 1/1993 of September 24.

Notary and Land Registry Fees

Official fees are also a component of the purchase costs. These include notary fees, which are estimated to be between €600 and €1,000. Land registry fees are also incurred, with an approximate cost of €500. These fees are governed by Royal Decree 1426/1989 and Royal Decree 1427/1989, respectively.

Agency Commission

The agency commission is included within the purchase price of the property. This means there is no separate payment required for the real estate agency’s services at the time of purchase.

Costs Associated with Mortgage Financing

If a buyer requires financing through a mortgage loan, any costs related to obtaining that loan must be arranged and agreed upon directly with the bank providing the financing. These costs are separate from the property purchase expenses.

Personalized Cost Calculation

To obtain a precise calculation of the total costs involved in purchasing this property, prospective buyers are advised to contact the seller or agent. A personalized cost breakdown can be prepared based on the buyer’s specific situation and financial arrangements.