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Ref: PHIP-601
Property marketed by JMT Spanish Properties
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Detached property located on the popular urbanisation of Sun Golf Villas, offers a total plot of 520sqm with off-road parking, garden and private swimming pool. The House itself offers on two floors a total living space of 130sqm that is divided in 3 bedrooms, 2 bathrooms , open kitchen and living-/dining room with fireplace. It also benefits from central heating and its close distance to Villamartin Golf.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
44,500€
Final Payment of 90% on completion
427,500€
Property Purchase Expenses
Property price
475,000€
Transfer tax 8%
38,000€
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.