Buying Property in Mijas Costa in 2025 – What Are the Costs?
Buying a property in Spain is an exciting step, whether it’s for a holiday home, investment, or a fresh start in the sun. But many buyers don’t realise that the purchase price is just the beginning. Additional costs like taxes, legal fees, and other expenses can add up.
If you’re planning to buy in Mijas Costa in 2025, here’s what you need to budget for.
Buying Property in Mijas Costa in 2025 – What Are the Costs?
1. Property Transfer Tax (ITP) or VAT
- Resale Properties: 7% Property Transfer Tax (ITP)
- New Builds: 10% VAT (IVA) + 1.2% Stamp Duty (AJD)
2. Notary & Land Registry Fees
- Notary Fees: €600 – €1,000
- Land Registry Fees: €400 – €700
3. Legal Fees
Hiring a solicitor is crucial to ensure your purchase is secure. Typically, legal fees are 1% of the property price. At Star Properties, we can offer reduced legal fees, helping you save on costs.
Ask us how we can help reduce you legal fees!
4. Mortgage Costs (If Financing)
- Property Valuation: €250 – €600
- Mortgage Opening Fee: Up to 2% of the loan amount
- Insurance: Banks may require home and life insurance
5. Moving & Renovation Costs
Factor in the cost of moving, furniture, and potential renovations to make the home your own.
Estimated Costs for a €500,000 Property
| Expense | New Build (€) | Resale (€) |
|---|---|---|
| Notary Fees | 1,000 | 1,000 |
| Land Registry Fees | 700 | 700 |
| Solicitor Fees (1%) | 5000 | 5000 |
| VAT (10%) | 50,000 | 0 |
| Stamp Duty (1.2%) | 6,000 | 0 |
| Transfer Tax (7%) | 0 | 35,000 |
| Total Estimated Costs | €62,700 | €41,700 |
Between the valuation of the property, the notary, registry and the corresponding taxes, experts recommend having additional savings of between 10% and 12%, depending on where the property is located and its price. Idealista
How to Reduce Costs When Buying Property in Mijas Costa in 2025
✅ Buy as a Company – Perfect for Investors as this can lower costs to just 4%.
✅ Negotiate with Sellers – Some may cover part of the closing costs.
✅ Compare Mortgage Deals – Different banks offer different rates and fees.
✅ Work with a Trusted Estate Agent – The right agent can save you time and money.
Thinking of Buying? Let’s Talk!
Buying a property in Mijas Costa in 2025 is a great investment, but knowing the costs upfront is key. At Star Properties, we not only find you the best homes, but we also help you save on legal fees and avoid unexpected expenses.
Get in touch today – and let’s make your dream home a reality!
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