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Ref: TH4790
Property marketed by Inland Andalucia
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Cuevas de San Marcos is a popular town in the Malaga province of Andalucia, with all the local amenities including schools, sports grounds, municipal swimming pool and a good infrastructure of shops, bars and restaurants. This townhouse sits just a short walk from the center of town and has on street parking. Once inside there is a traditional entrance hall which opens to a good size dining room with stairwell and on to a small ground floor bedroom, lounge, kitchen and and full bathroom. On the first floor a spacious landing leads to a bright master bedroom at the front of the property and a second double bedroom to the rear that opens to a small covered terrace and storage room. The property is in good order and priced to sell.
Property Features
- 3 bedrooms
- 1 bathroom
- 120m² Build size
- 60m² Plot size
- Air Conditioning
- Close to Amenities
- Fitted Kitchen
- On Street Parking
- Separate Diner
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,500€
Final Payment of 90% on completion
40,500€
Property Purchase Expenses
Property price
45,000€
Transfer tax 10%
4,500€
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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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.