How will you be financing your purchase and what buying expenses must you consider?
Cash buyer? As a cash buyer your purchase expenses will be less and the buying process can normally be completed more quickly.
As a rule of thumb guide as a cash buyer you should allow 10% – 11% buying expenses on top of the price of the property.
Buying with loan finance? If you will be financing part of your purchase from loan finance provided by a Spanish bank, your buying expenses will be higher and the process is likely to take a few weeks longer allowing for loan appraisal and valuation.
As a rule of thumb guide, as a finance buyer, you should allow 13% – 15% buying expenses on top of the price of the property.