The purchase price is not the number that determines your total investment. For Baltic buyers purchasing new-build property in Spain, understanding the full cost picture before you commit is essential.
New-build properties are subject to IVA (VAT) at 10%, plus AJD stamp duty at approximately 1.5% in the Valencia region. Total tax burden on a new build: approximately 11.5% of purchase price.
A reputable independent Spanish lawyer will charge €1,500–€3,000. Notarial and land registry fees for a €500,000 purchase run approximately €1,500–€2,500.
You need a Spanish NIE before completing any purchase. For EU citizens, this is straightforward — apply at the Spanish consulate in Vilnius, Riga or Tallinn. Cost: €10–€15.
For a €500,000 new-build villa:
Budget 12–13% above the listed price for all purchase costs. This is a clean, predictable number with the right legal team.
OFFPLOT publishes developer prices exactly as provided. No buyer markups.