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Ref: PL003
Property marketed by David Santiago Inmobiliaria
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Land for sale in the Urbanization El Capitan, has 500m2 of plot, in which you can build 200m2 of roof on 2 floors, 100m2 each floor + non-computable basement.
Property Features
- 0 bedrooms
- 0 bathrooms
- 500m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,600€
Final Payment of 90% on completion
86,400€
Property Purchase Expenses
Property price
96,000€
Transfer tax 10%
9,600€
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.