Please note, in July (2010) the Spanish Government will increase the "reduced rate of IVA", which applies to most property purchases, from 7% to 8%. For example, on a property price of 200.000€, you will have to find an additional 2.000€ to cover the tax increase.
In Andalucia, this tax has already been applied to property sales where the price
exceeds 400.000€.
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