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Ref: OCG-4725546
Property marketed by Olive Grove Estates
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445m plot of land in Sax. There is a house that can be demolished and rebuilt as it is in bad condition and in the area outside the house there are 5 different flats that can also be demolished and you can build whatever you want on 445m. There are 445m on which you can build two houses, one building or many more ideas. Sax is a thriving traditional Spanish town with a good mix of nationalities. It has excellent amenities, a wide range of shops, over 50 bars and restaurants, a theatre, indoor and outdoor swimming pools, parks, as well as a beautiful restored castle, which is illuminated at night. There are also train and bus connections to Alicante airport and the beaches in 30 minutes.
Property Features
- 0 bedrooms
- 0 bathrooms
- 445m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,300€
Final Payment of 90% on completion
101,700€
Property Purchase Expenses
Property price
113,000€
Transfer tax 8%
9,040€
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.