{"id":2351,"date":"2023-09-26T11:05:59","date_gmt":"2023-09-26T11:05:59","guid":{"rendered":"https:\/\/blog.destinyhome.es\/costs-when-buying-a-house-in-fuerteventura\/"},"modified":"2023-09-26T15:39:29","modified_gmt":"2023-09-26T15:39:29","slug":"costs-when-buying-a-house-in-fuerteventura","status":"publish","type":"post","link":"https:\/\/blog.destinyhome.es\/en\/costs-when-buying-a-house-in-fuerteventura\/","title":{"rendered":"Costs when buying a house in Fuerteventura"},"content":{"rendered":"
Do you know the costs of buying a house in Fuerteventura?<\/div>\n
Do you know that they can account for up to 10% of the total cost of housing?<\/div>\n
We detail and estimate them according to the house you are looking for.<\/div>\n
If you need financing, we indicate those associated with the mortgage.<\/div>\n
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Fixed costs when buying a house in Fuerteventura<\/h2>\n
These are those that occur regardless of the type and price of the house being purchased:<\/div>\n

Legal representation<\/h3>\n
In Spain it is not compulsory to have the services of a lawyer or an agent to help you with the process of buying your home. At Destiny Home we accompany you in this process, but in case you decide to opt for a lawyer, we can recommend several of great trajectory and prestige that operate on the island.<\/div>\n
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Opening a Bank Account<\/h3>\n
place where you will deposit your money to proceed with the purchase of your home. The costs will depend on the bank.<\/div>\n
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ID (DNI or NIE)<\/h3>\n
The “Documento Nacional de Identidad” or ID Document for foreigners, is a document that will be the fiscal and identification number of the foreigner.
\nIt is mandatory and is requested prior to the purchase of your home.<\/div>\n
It is a fixed number that never changes and will be used to identify you throughout Spain.<\/div>\n
It is requested at the National Police headquarters.<\/div>\n
<\/div>\n

Registry Note<\/h3>\n
This document is issued by the Land Registry and allows to obtain information about the house, the owners, description, encumbrances, area,…<\/div>\n
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\nDownload Fuerteventura Home Buying Guide<\/strong>
\n<\/a>by Destiny Home:<\/p>\n

\"home<\/a><\/p>\n<\/div>\n

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Variable costs in the purchase of a house in Fuerteventura<\/h2>\n
Taxes are calculated according to the amount of the house purchased:<\/div>\n
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Notary<\/h3>\n
It is the place where the document of purchase of the house is elevated to public, which is normally known as the deed of sale.<\/div>\n
This is a mandatory step to be able to register it in the Land Registry.<\/div>\n
The amount ranges from 0.5% to 0.75%<\/strong> of the value of the house. If it is acquired with a mortgage loan, the expenses will be higher, since the mortgage must be formalized before a notary public.<\/div>\n<\/div>\n

Transfer tax and stamp duty<\/h3>\n
The ITP<\/strong> is the tax that is paid at the time of the transfer of the second hand property.<\/div>\n
This tax is generally charged, although there are some exceptions:<\/div>\n