Great news for property buyers here in the Marbella area!
On the Costa del Sol the transfer tax has been at the following rates with resales:
8 % on properties up to €400,000
9 % on properties priced
between €400,000 and €700,000
10 % on properties priced over €700,00
From tomorrow on at least until the end of this year there will be only a single general rate of 7%.
With new-build properties the tax remains the same VAT (IVA in Spanish) 10%.
Stamp Duty used to be 1,5% and now it is fixed to be only 1,2% from tomorrow on.
Now is the perfect time to buy a property from Marbella with Strand Properties.