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Property marketed by JMT Spanish Properties
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Large and beautiful country house of 400m2, 3 bedrooms and two bathrooms, large 90m2 living room, kitchen, terrace, two apartments separated from the house with living room, kitchen, bedroom and bathroom each, the house is in perfect condition to live, quiet area with good views, 4,800m2 of fenced plot, with swimming pool, summer kitchen with bar, two storage rooms, garden, just 3 minutes from the city from Torrelano, 10 from Elche, 10 beach and airport, a good house and area to live all year.
Property Features
- 5 bedrooms
- 4 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,900€
Final Payment of 90% on completion
251,100€
Property Purchase Expenses
Property price
279,000€
Transfer tax 8%
22,320€
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.