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Canary Islands buying costs calculator

Estimate the full cost of buying a home in the Canary Islands — transfer tax, notary, land registry and legal fees — on top of the purchase price.

When you buy a resale home in the Canary Islands you pay ITP (transfer tax) of 6.5% of the declared price. New-build homes are charged IGIC at 7% plus AJD stamp duty of about 1% instead. On top of the tax, budget for the notary, the Land Registry, and an independent lawyer — together usually another 1–2%.

As a rule of thumb, allow roughly 8–10% of the purchase price in taxes and costs. Since the 2019 mortgage law the bank pays the notary, registry and stamp duty on the loan itself, so if you're financing you only add the property valuation fee (around €300–600). Adjust the calculator below for a resale or new build and see the all-in figure.

Try it — adjust the numbers

Purchase price: €300,000New build (IGIC 7% + AJD instead of ITP 6.5%)Buying with a mortgage

Transfer tax (ITP) 6.5%€19,500

Notary (regulated tariff)€870

Land Registry€610

Independent lawyer (recommended)€1,300

Bank valuation for mortgage€450

Total on top of the price (7.6%)€22,730

All-in budget€322,730

Estimates using standard Canary Islands rates; reduced ITP rates can apply (e.g. primary residence under thresholds, large families, under-35 buyers). Confirm your case with a lawyer or gestoría.

All binding contracts and the final escritura are executed in Spanish. A sworn translator can attend signing if you are not confident in Spanish — book one in the Professionals directory.

Financing the purchase?

See how much a Spanish bank would lend you as a non-resident, and what you'd need in cash at completion.