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Ref: PHIP-588
Property marketed by JMT Spanish Properties
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Well-groomed green area (863 m2). Ten fruit trees bear fruit all the year long. The large private pool (50m2) with salt water. Lounge zone and outdoor shower near the pool. There is a picturesque view of the sea and the salt lake from the solarium (30 m2) and the terrace (50 m2).On the top floor of the villa (110 m2) there is the main entrance, the terrace, the householder's zone, which includes the kitchen (25 m2), the large hall (33 m2), the bedroom and WC.On the middle floor (173 m2) there are the garage, three householder's bedrooms and two bathrooms. Also on this floor there are guest's bathroom and two bedrooms with the independent entrance.On the lower floor (72 m2) there is a cozy studio with the guest's kitchen, sauna with the bathroom, the laundry room, WC and the technical room. In addition, there is the spacious BBQ (20 m2) with the dining area and the summer kitchen.All bedrooms have air conditioning. The house is equipped with central gas heating, internet, satellite TV, security alarm and video surveillance installed.The villa is located in the cozy urbanization of Los Balcones. Shopping center - within walking distance (300m). There are the park and sport grounds (200 m), tennis club (500m). The hospital is in 1 km from the villa. The sea is over 2 km from the villa.
Property Features
- 6 bedrooms
- 5 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
49,000€
Final Payment of 90% on completion
468,000€
Property Purchase Expenses
Property price
520,000€
Transfer tax 8%
41,600€
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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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.