Hipoteca Calculator 2025 – ITP & Rates by Region in Spain
Calculate your hipoteca: ITP by autonomous community (6-10%), IVA 10% on new builds, notary and gestoria. Euribor monthly payment and amortization included.
Buying Property in Spain: What You Need to Know
Spain is one of Europe's most popular property markets, especially for international buyers drawn to the Mediterranean coast, the Balearic Islands, and major cities like Madrid and Barcelona. The buying process typically begins with a contrato de arras (deposit contract), where the buyer pays a deposit of 10% of the purchase price. If the buyer withdraws, they lose the deposit; if the seller withdraws, they must return double the amount. The final sale is completed before a notary (notario) with the signing of the escritura publica (public deed). Tax obligations depend on whether the property is new or resale: new builds are subject to IVA (VAT) at 10% (4% for social housing) plus AJD (stamp duty) at 0,5-1.5%, while resale properties are subject to ITP (transfer tax) at 6-10% depending on the autonomous community. Additional costs include notary fees, land registry fees, and legal fees.
Spanish Mortgages: Rates, Regulations, and the Mortgage Law
The Spanish mortgage market was significantly reformed by the 2019 Mortgage Law (Ley Hipotecaria), which shifted several costs from the buyer to the bank (including AJD stamp duty on the mortgage deed, notary fees for the mortgage, and land registry fees for the mortgage). Borrowers can choose between fixed-rate (tipo fijo) and variable-rate (tipo variable) mortgages. Variable rates in Spain are typically linked to the Euribor plus a spread. Spanish banks generally lend up to 80% of the appraised value for primary residences and 60-70% for second homes or investments. Non-residents may be limited to 60-70% LTV. Mortgage terms range from 15 to 30 years, with some banks stretching to 40 years for younger borrowers. Since the 2019 law, early repayment penalties are capped: 2% in the first 10 years for fixed-rate loans and 0,25% for variable-rate loans (0,15% after the first 5 years).