Buying this as a new build
The homes are built to the developer’s specification and can be seen before you commit, so the purchase runs in two steps: a reservation and private contract, then the deed at the notary, where the balance is paid and the keys are handed over. As the first owner you pay 10 per cent IVA and stamp duty on the price, not the transfer tax a resale would carry.
What the lowest-priced home costs in full
- Starting price
- €790,000
- VAT (IVA), 10%
- €79,000
- Stamp duty (AJD), 1.2%
- €9,480
- Your lawyer, about 1% plus VAT
- €9,559
- Notary, land registry and administration
- about €2,100
- Estimated total
- €890,139
An estimate, at the rates in the cost guide. The lawyer’s, notary’s and land registry fees vary with the price and the deed, and a mortgage adds the bank’s own costs.
Here that means seeing the home you would actually buy rather than the show flat, reading the community budget, since pools, gardens and a concierge all have to be paid for each year, and checking the licence that allows the home to be lived in and the ten-year structural guarantee before you sign.
Get in touch and I will talk you through it. Buying with me sets out how I work.