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Ref: R3847054
Property marketed by Mibro International Properties
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One of the last residencial plots located in the very popular El Paraiso Alto, situated in an elevated position with good sea and mountain views. Plans for one villa to be built with the possibility of 2 .
Property Features
- 0 bedrooms
- 0 bathrooms
- 2,023m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
86,500€
Final Payment of 90% on completion
805,500€
Property Purchase Expenses
Property price
895,000€
Transfer tax 10%
89,500€
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.