Buying in Spain means that you will be expected to pay additional fees which can be between 10 – 13 % of the purchase price.

Depending on your residency status and the number of properties you own, you will be liable to pay a tax of 2% of your properties value at a flat rate of 25% annually. This will be regardless of whether you receive rental income or not. Mortgage costs for non-residents cannot be offset for taxation purposes.

Is similar to the UK but is paid once a year, the average cost is around 200 euros. It may be possible to avoid some Spanish taxes by owning your property through a company. You should seek advice as to whether the cost of incorporation and potentially higher tax brackets will outweigh the benefits over taxation as an individual. Advice on this should be available from your Spanish lawyer.