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Ref: PL243
Property marketed by Inland Andalucia
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If you´re thinking about constructing your own home here in Spain this could be for you.. This plot of land sits in the quiet village of Salinas in the province of Malaga. The town has great access to the motorway for Granada, Seville and Malaga and is only a short 10 minute drive from the beautiful Lake Iznajar. The plot consists of 170 m2 of urban land. The owner has 3 individual plots which are all available for sale.
Property Features
- 0 bedrooms
- 0 bathrooms
- 170m² Plot size
- Close to Amenities
- On Street Parking
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
27,000€
Property Purchase Expenses
Property price
30,000€
Transfer tax 10%
3,000€
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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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.