Surprising Expenses Most Buyers Only Discover Too Late

Buying a property in Spain is exciting. Sunshine, a new lifestyle and maybe even a home with your own pool.
But here is the truth that many buyers do not expect: the purchase price is only the beginning.

There are several additional costs that often surprise first time buyers. Nothing dramatic, but definitely important to know before you start budgeting.

This guide highlights all the hidden costs so you can purchase with confidence and avoid unexpected financial surprises.

Let us start with the largest expenses.

Transfer Tax (ITP) for Resale Homes

Did you know that buying a resale property comes with an extra cost of 7 to 10 percent in transfer tax?
It is one of the biggest expenses buyers overlook.

IVA and Stamp Duty for New Builds

Thinking about a brand new home?
Then prepare for IVA of 10 percent and Stamp Duty of 1 to 1.5 percent.

Many people assume new builds come with fewer costs. In reality the initial tax bill is usually higher because of IVA.

MarbellaBuys Insider Note:
The difference in tax between new build and resale homes is one of the most common budgeting surprises for international buyers.

Every property sale in Spain must be signed at a notary.
The notary is not included in the purchase price and the fee usually ranges from 600 to 1,200 euros depending on the complexity of the deed.

This cost is mandatory for every buyer.

Most buyers don’t realise this, but many Spanish lawyers charge a percentage of the purchase price, usually 1–1.5 percent, or offer a flat fee starting around €1,500.

And before you think about skipping the lawyer:
Spanish properties can come with debts, outdated paperwork or missing licenses that you won’t spot on your own.

Hiring a strong lawyer isn’t a luxury it’s your safety net.

MarbellaBuys Insider Note:
The cheapest lawyer can sometimes become the most expensive mistake. Quality pays for itself.

After signing at the notary, your property must be registered.
This isn’t optional it’s what protects your legal ownership.

Cost: €400 to €900
Another common “Oh, I didn’t know that” moment.

A valuation (tasación) is normally required if you take a mortgage, but some cash buyers request one for peace of mind.

Cost: €300–€700

Did you know that two apartments with the same price can differ by thousands per year just because of community fees?

These fees cover things like:

• Pool and garden maintenance

• Cleaning

• Security

• Shared buildings costs

• Lift maintenance

• General repairs

Typical monthly ranges:

• Basic buildings: €50–€150

• Standard communities: €100–€300

• Luxury complexes: €300–€800

MarbellaBuys Insider Note:
Always ask the community fee before falling in love with the property. It can completely change your long-term budget.

Another cost that catches buyers off-guard: IBI, the yearly local tax paid to the town hall.

It’s based on the cadastral value (not the market value) and often ranges from €300 to €2,000+ per year.

Some buyers mistake this for a community fee, but it’s a separate tax entirely.

Yep, even paradise has bills.

Utilities

Think electricity, water, gas and internet.
Budget around €80 to €250 per month, depending on size and usage.

General Maintenance

From repainting to AC servicing, little things add up.
Annual estimate: €800 to €2,500

Coastal homes may need more upkeep thanks to humidity and sea air.

Insurance

Home insurance usually costs €150 to €500 per year.

If you want to avoid overpaying, pay attention here.

1. Forgetting tax differences between resale and new-build

IVA hits harder than expected.

2. Choosing a lawyer based on price instead of quality

Cheap lawyers sometimes skip essential checks.

3. Ignoring community fees

Your “affordable apartment” might carry a €350/mo fee.

4. Not budgeting for maintenance and taxes

The long-term cost of ownership matters.

5. Not checking old debts

Unpaid community fees or utilities can follow the property — and become your problem if you don’t have a good lawyer.

Conclusion: Hidden Costs Aren’t Scary. As Long As You Know Them

Buying a property in Spain becomes a lot easier when you understand what costs to expect.
With the right knowledge, a clear budget and realistic expectations, nothing will catch you off guard.

And if you want personalised guidance or help reviewing these costs for your specific property, MarbellaBuys is available to assist you with honest, practical advice.