How to Buy a Property in Spain:
Alicante & Murcia
Whether you’re buying a brand new home or a resale property in Alicante or Murcia, the process is straightforward and designed to protect you as a buyer. Here’s what you can expect:
1
Get Your NIE Number
This is your Spanish tax identification number. It’s required for all property purchases in Spain. You can apply at a Spanish consulate or local police station.
2
Open a Spanish Bank Account
This will make it easy to pay for your property, utilities, and other expenses.
3
Reserve Your Property
Found the perfect home? Reserve it with a small fee and sign a reservation contract. Usually, you’ll pay a 10% deposit within two weeks.
4
Legal Checks
Your lawyer will check that everything is in order—ownership, debts, building permissions, and community fees. We always recommend using an independent solicitor.
5
Arrange Your Mortgage
Non-residents can usually borrow up to 70% of the property price. Residents can borrow up to 80%.
6
Sign at the Notary
You’ll sign the official purchase deed (Escritura de Compraventa) at the notary’s office. This is when you pay the remaining balance and all taxes and fees.
7
Register the Property
Your new home will be registered in your name. You’ll also set up utilities and community fees.
What Are the Costs?
Here’s a quick guide to the main taxes and fees you’ll pay when buying in Alicante or Murcia:
New Build Properties
- Cost Item
- Alicante (Costa Blanca) Murcia
- VAT (IVA)
- 10% 10%
- Stamp Duty (AJD)
- 1.5% 2%
- Notary & Registry
- €1,200–€2,000 approx. €1,000–€1,800 approx.
- Legal Fees
- 1–1.5% 1–1.5%
Resale Properties
- Cost Item
- Alicante (Costa Blanca) Murcia
- Transfer Tax (ITP)
- 10% 8%
- Notary & Registry
- €1,200–€2,000 approx. €1,000–€1,800 approx.
- Legal Fees
- 1–1.5% 1–1.5%
- Tip:
- Allow about 10–15% of the property price to cover all taxes and fees.
New Build Properties
- Cost Item
- Alicante (Costa Blanca) Murcia
- VAT (IVA)
- 10% 10%
- Stamp Duty (AJD)
- 1.5% 2%
- Notary & Registry
- €1,200–€2,000 approx. €1,000–€1,800 approx.
- Legal Fees
- 1–1.5% 1–1.5%
Resale Properties
- Cost Item
- Alicante (Costa Blanca) Murcia
- Transfer Tax (ITP)
- 10% 8%
- Notary & Registry
- €1,200–€2,000 approx. €1,000–€1,800 approx.
- Legal Fees
- 1–1.5% 1–1.5%
- Tip:
- Allow about 10–15% of the property price to cover all taxes and fees.
What’s Different Between Alicante and Murcia?
Alicante
- Higher transfer tax for resales (10%)
- Slightly lower stamp duty for new builds (1.5%)
- Popular for modern homes and strong rental market
Murcia
- Lower transfer tax for resales (8%)
- Slightly higher stamp duty for new builds (2%)
- Great value and up-and-coming areas
Ready to Start Your Spanish Property Journey?
We’re here to help you every step of the way—whether you’re looking for a stylish new build or a charming resale home in Alicante or Murcia.
Contact us today for expert guidance and a smooth buying experience!