This Weeks Hot Properties
590,000€
Are you looking for a country property in Spain? This exquisite villa is situated just a 5-minute dr...
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- Apartments for Sale in Orihuela Costa, Alicante
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- Villas for Sale in Finestrat, Alicante
- Villas for Sale in Pilar de la Horadada, Alicante
- Villas for Sale in Marbella, Málaga
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Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.