Here is a brief description of how the purchase of a property in Spain happens because it is all different than in Belgium.
If you look at a property on the Spanish housing market you have to take into account that at the purchase price there are about 12% costs that are divided as follows:
When purchasing a property through real estate agent or directly from the owner there is the “Impuesto de Transferencia de Propiedad” to pay and that amounts to 10% (new tariff by law of 05/08/13).
Is, like in Belgium, the registration fee to put the house in your name and you therefore have to pay as buyer.
When you buy a house in a new building project, there is “IVA” to pay and that amounts to 10% (new rate by law of 01/01/13)
The “IVA” is the Spanish counterpart of our VAT