The Process of Buying a Property on the Costa del Sol

Buying a Property Guide

Buying a property in Spain can be straightforward when you have the right team by your side. At Sunnyside, we guide you through each step with transparency and professionalism to ensure a smooth and secure transaction.

From First Viewing to Final Signature – What to Expect When Buying

From First Viewing to Final Signature – What to Expect When Buying

1. Choosing the Right Property

  • We'll help you find your ideal property based on your needs, preferences, and budget.
  • Once you've selected a property, we begin the buying process.

2. Reservation Contract

  • A Reservation Contract is signed to take the property off the market.
  • A typical reservation fee of €6,000 to €10,000 (or 1% of the purchase price) is paid.
  • This shows your serious intent to purchase and secures the agreed price while your lawyer conducts due diligence.
    The fee is usually held by your lawyer or the estate agent in a secure client account.

3. Private Purchase Contract (PPC)

  • Once legal checks are complete, a Private Purchase Contract is signed (typically within 2-4 weeks after the reservation).
  • At this stage, a 10% deposit is paid (minus the reservation fee already paid).
  • The contract outlines all terms of the sale, including timelines and completion date.

4. Completion at the Notary

  • The final step is signing the Title Deed (Escritura Pública) before a Spanish notary.
  • The remaining balance is paid, and ownership is officially transferred.
  • You will receive the keys to your new property!
At Sunnyside Real Estate we're here to guide you every step of the way

Fees & Taxes: What to Expect

For Resale Properties

  • Transfer Tax (ITP): 7% of the purchase price (Andalusia region)
  • Notary Fees: Approx. €500–€1,500 (depending on price and complexity)
  • Land Registry Fees: Approx. €300–€1,000
  • Legal Fees: Usually 1% (+ VAT) of the purchase price
  • Agency Fees: Paid by the seller in most cases

For New Developments (Buying from a Developer)

  • VAT (IVA): 10% of the purchase price
  • Stamp Duty (AJD): 1.2% in Andalusia
  • Notary Fees: Approx. €500–€1,500
  • Land Registry Fees: Approx. €300–€1,000
  • Legal Fees: Around 1% (+ VAT)

Additional Costs to Consider

  • Mortgage Costs (if applicable): Includes bank valuation, arrangement fees, and notary costs
  • Utility Connection Fees (for new properties)
  • Property Insurance
  • Ongoing Costs: IBI (local property tax), basura (waste tax), community fees (if in a complex)
Contact

Our Role at Sunnyside

We assist you through every stage – from helping you find the right property, to introducing trusted independent legal and financial advisors, to managing the after-sales process.

Our goal is to make buying a home on the Costa del Sol as easy and enjoyable as possible. Contact us