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Ref: 3441
Property marketed by Another Way Of Life S.L.
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This property comprises of three small houses with tourism license. Two of the houses have one bedroom, bathroom, kitchen and living room. The third house has two bedrooms, a kitchen, living room and bathroom. Outside, there are a number of ruins which could be developed. All mains services are connected.
Property Features
- 4 bedrooms
- 3 bathrooms
- 480m² Build size
- 160,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
57,000€
Final Payment of 90% on completion
540,000€
Property Purchase Expenses
Property price
600,000€
Transfer tax 10%
60,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.