Buying property in Alicante comes with more than just the purchase price. Foreign buyers must also budget for property taxes, legal fees, and annual costs — some of which are specific to Spain or the Valencia region.
At Borderless Lawyers, we help you calculate every cost upfront — so there are no surprises after signing.
đź’° 1. Property Transfer Tax (ITP)
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Applies to resale properties
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Standard rate in Alicante: 10% of the declared purchase price
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Paid within 30 days after notary signing
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Filed using Modelo 600
âś… We handle the filing and payment for you.
🧾 2. VAT and Stamp Duty (New Builds)
If you’re buying new property from a developer:
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VAT (IVA): 10%
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Stamp Duty (AJD): 1.5%
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Total: 11.5% on top of purchase price
VAT applies only to first-time sales of residential property.
🏛️ 3. Notary and Land Registry Fees
Fees depend on property value, but average:
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Notary fees: €700 – €1,200
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Land Registry fees: €400 – €800
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GestorĂa (admin service): €250 – €500
âś… We negotiate and coordinate these fees for you during closing.
⚖️ 4. Legal Fees
Lawyers typically charge:
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1% of the purchase price (plus VAT)
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Minimum flat rates available for low-budget homes
At Borderless Lawyers, we offer transparent packages for foreign buyers — including NIE, due diligence, contracts, and POA.
🏠5. Ongoing Ownership Taxes
After buying, foreign owners must also pay:
🧾 IBI (Impuesto sobre Bienes Inmuebles)
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Annual local property tax
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Paid to the Alicante town hall
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Amount depends on cadastral value (usually €200–€1,000/year)
đź’§ Community Fees
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If the property is in a shared building or urbanization
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Covers shared maintenance, pools, elevators, etc.
🌍 Non-Resident Income Tax (Impuesto sobre la Renta de No Residentes)
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Even if you don’t rent out the home
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Calculated as 1.1–2% of cadastral value × 19% tax rate
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Filed yearly using Modelo 210
âś… We help you file these taxes and stay compliant.
🧠6. Extra Costs to Plan For
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POA (if buying remotely): ~€150–€300
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NIE: ~€100–€250
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Bank fees, currency transfer, and mortgage costs if applicable
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Insurance and utilities setup
đź’¬ Final Word
Knowing the true cost of buying property in Alicante is essential for smart investment. Many foreign buyers overlook taxes or underestimate fees — until it’s too late.
At Borderless Lawyers, we provide full breakdowns of every cost and tax you’ll face — before you commit.
đź“ž Contact us now to request a property cost estimate tailored to your purchase in Alicante.