Buying your Home in Barcelona – Key Points to consider when looking at Barcelona Real Estate
Buying your home in Barcelona – Key Points to consider when looking at Barcelona Real Estate
We know that making the decision to look for a new apartment or townhouse in Barcelona is an exciting moment. Buying your home in Barcelona is something you have dreamed about and now it is time to take the first steps.
When you’re buying property in another country, you require experienced professionals to ensure that the purchase process smoothly. We offer professional representation in international real estate dealings and truly know how to go the extra mile.
Buying real estate in the city of Barcelona can be a great investment strategy. As Spain’s number one tourist destination you will be sure to find a home that works as a vacation home, a permanent residence, or as a rental property. It is likely your property value will increase, leaving you with a significant asset.
Of course, the first step is to choose a real estate agent in Barcelona. it is easy to forget that having a single, professional agent on the ground is the only way to proceed. As your agent in Barcelona, we can send you information on our property listings as well as visit other properties you may have seen on the net.
No matter what your goals are for purchasing property in this country, we’re dedicated to working hard for you and finding you what you want.
Costs Associated with Buying your home in Barcelona
Like the rest of Spain, the purchase of property attracts one of two quite large tax costs.
New Build Property from the Bank or Developer
VAT & Stamp Duty (In Spanish these are called IVA and Actos Jurídicos Documentados or AJD)
These taxes apply for residential properties being sold for the first time (never previously occupied), or for commercial properties and plots of land.
VAT ( is 10% on the purchase price of residential properties in Barcelona, so apartments, townhouses and villas)
Stamp duty (known as AJD) is 1.5% of the price of the purchase of a property in Barcelona.
There is then a further 1% for notary and land registry fees.
VAT and Stamp Duty are paid by the buyer, and if any deposit is paid before completion of the sale, such deposit will be subject to VAT at the moment of payment of this deposit.
If your new Barcelona home is a second-hand property then the cost structure is similar except that instead of paying VAT you will pay a property transfer tax called ITP and you do not pay AJD, only land registry.
On both kinds of purchases, it is advised you use an independent lawyer. Lawyers generally charge 1% of the property price. On this one per cent, you have to add VAT at 21%, so in essence, you pay 1.21 per cent of the property price for your legal adviser.
So, in summary, you pay around 13.5% and 12% on resales.
Search for Homes in the local Barcelona real estate market.
