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Why Buying Property in Spain Costs More Than You Expect
Buying a home in Spain sounds like a dream. The sun, the lifestyle, and the price tags seem perfect. However, the true cost is often much higher than the listing price. If you’re thinking about buying property in Spain, it’s important to understand all the hidden costs and risks. Upfront Costs Add Up Quickly First, the price you see online is just the beginning. For new homes, you pay a 10% VAT right away. For resale properties, there’s a transfer tax between 6% and 10%, depending on the region. On top of that, you have notary fees, land registry costs, and legal fees. These can add another 3% to 5%…


