If you intend to buy a house or a plot of land you should ask an estate agent for help. Only this way guarantees you a professional transfer of title of the property and can save you against the expensive mistakes which can appear from unawareness of the legal situation and the different tax and fees payments. You certainly will save money at the end.

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You have to take into account that on top of the price there will be costs of about 10 to 11 % of the official price of the property.

The costs are as follows:

* Property purchase tax:

it will be 6,5 % of the registered price of the property.

If you intend to buy a new house through a building company you pay 5% I.G.I.C. (canarian VAT) to the builder. In this case, the purchase tax is 0,75 % of the registered price instead of 6,5 %.

* Fee for the registration at the property register office.

* Fee for the change at the municipality office.

* Charges at the notary office.

* Commission for the real estate office (similar for the most real estate offices):

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