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Ref: PD292393
Property marketed by Property Directors Costa del Sol, S.L.
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New Development off-plan of luxury suite apartments and penthouses in a privaledged location in Mijas Costa, close to the beach, Fuengirola and all amenities. High quality construction and furnishings. High rental potential! Excellent Investment opportunity. The main features include:
Boutique suite development
Spectacular panoramic Sea Views
Gym & Spa wellness centre
Outdoor pool
Multipurpose room
Penthouses with solarium
Ground floor apartments with private pool
Close to amenities
Underfloor heating
Tranquil setting
Prices exclude purchase tax 10% VAT (IVA)
Payment Terms:
€6,000 Reservation
30% + VAT within 30 days on signing private contract
70% + VAT on completion, key-ready at Notary
Constuction starts: Pending building licence.
Completion due: 2025 TBA
Boutique suite development
Spectacular panoramic Sea Views
Gym & Spa wellness centre
Outdoor pool
Multipurpose room
Penthouses with solarium
Ground floor apartments with private pool
Close to amenities
Underfloor heating
Tranquil setting
Prices exclude purchase tax 10% VAT (IVA)
Payment Terms:
€6,000 Reservation
30% + VAT within 30 days on signing private contract
70% + VAT on completion, key-ready at Notary
Constuction starts: Pending building licence.
Completion due: 2025 TBA
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
54,800€
Final Payment of 90% on completion
520,200€
Property Purchase Expenses
Property price
578,000€
Transfer tax 10%
57,800€
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.