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Ref: suelo residencial Menorca Isla baleares
Property marketed by JT Estates
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We sell urban plots to make 5 luxury villas of our property with all the services at the foot of the plot and with sea views, next to the Arenal d'en Castell beach, between the Addaya marina and the Son Parc golf course .
Property Features
- 1 bedroom
- 1 bathroom
- 3,100m² Build size
- 5,490m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,300€
Final Payment of 90% on completion
623,700€
Property Purchase Expenses
Property price
693,000€
Transfer tax 10%
69,300€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.