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Property marketed by JMT Spanish Properties
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Semi-detached house in the countryside in Novelda (Alicante), in a quiet area just 30 minutes from the beach.
The house has a living area of 120m2 divided into ground floor and first floor with a total of 3 bedrooms, 2 bathrooms, 2 kitchens, 2 living rooms, gallery and terrace.
The location of the house is 4 minutes from the city center, 25 minutes from the airport and 30 minutes from the beach.
The house has a living area of 120m2 divided into ground floor and first floor with a total of 3 bedrooms, 2 bathrooms, 2 kitchens, 2 living rooms, gallery and terrace.
The location of the house is 4 minutes from the city center, 25 minutes from the airport and 30 minutes from the beach.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,100€
Final Payment of 90% on completion
108,900€
Property Purchase Expenses
Property price
121,000€
Transfer tax 8%
9,680€
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.