How much does it cost to buy a house in Catalonia?
How much does it cost to buy a house?
It basically depends on where you want to buy it. And be careful, because it is not only the city that makes the cost of housing vary, but also the taxes are different in each autonomous community. Another factor that will vary the total cost is whether the house is new or second-hand.
Therefore, in this article we are going to focus exclusively on explaining how much it costs to buy a house in Catalonia.
For all these reasons, in this article we are going to focus exclusively on explaining how much it costs to buy a house in Catalonia, so that we can give you a hand if you want to calculate the costs and taxes for buying a home in this autonomous community.
Common expenses incurred in the sale and purchase process
Regardless of which Catalan city you buy your property in, there are a series of common expenses that must be taken into account when calculating how much it costs to buy a house in Catalonia. Specifically, we refer to the following:
- Public deed at the notary's office
- Registration in the Land Registry
- Solicitor's fees (settlement of taxes plus submission to the land registry office)
What taxes do I have to pay when I buy a new home?
The biggest outlay when buying a property in Catalonia is whether the property to be purchased is a new build or a second transfer. In the case of new construction, you will have to pay two taxes: the Value Added Tax (VAT) corresponding to 10% of the value of the property (in general, as the percentage is lower in certain situations, as with social housing, for example) and the Tax on Documented Legal Acts (AJD), of 1.5%.
What taxes do I have to pay when I buy a second-hand property?
For second-hand or second transfer properties, the corresponding tax is the Transfer Tax (Impuesto de Transmisiones Patrimoniales, ITP), which in Catalonia is 10% as a general rate.
The Transfer Tax is a tax that, among other transactions, is levied on the purchase and sale of a property. The person who acquires the property is responsible for paying this tax, and the amount to be paid corresponds to a percentage of the deeded price (the real price of the property), depending on the autonomous community where the property is located.
Are there any benefits to buying a house before the age of 33?
Yes, in order to encourage buying and selling and make it accessible to young people, people under the age of 33 can benefit from the 5% tax rate, as opposed to the general rate of 10% that we have seen in the previous points. If this is your case, it is important to know that, in addition to your age, your income level will also be taken into account according to your last income tax return, that this is the first property you buy and that it will be your main residence.
In addition to young people, there are also other specific aids to facilitate access to housing, such as tax benefits for people with disabilities over 33% who want to buy a home. So, it is important that when you calculate how much it costs to buy a house in Catalonia you look not only at the costs caused by taxes, but also at your particular situation, because you may be able to obtain some kind of tax advantage.
Why buying in the Ebro Delta is cheaper?
In this article we explain the three main reasons why buying in the Ebro Delta is a good investment. But so that you can calculate how much it costs to buy a house in Catalonia, we advance you that in the Ebro Delta the cost per square metre is lower. Therefore, as the selling price of the house is lower, the total cost for you (with taxes, etc.) will also be lower.
Also, due to the type of properties in the area, in the Ebro Delta you can enjoy greater comfort at a much lower cost than you will find in the big city. Living in the Ebro Delta is an excellent decision, whether you come to live with your family or as an independent person, as we explained in this other article: "9 reasons to live in the Ebro Delta".
Do you have more questions about buying a home? Consult our Guide to buying a home. And if you want to know how much it costs to buy a house in the Ebro Delta, we will be happy to help you find the best option.
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