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Ref: PD292395
Property marketed by Property Directors Costa del Sol, S.L.
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A New Development Off-Plan in Málaga City and close by to the historic centre. Consisting of 35 apartmens with 1 and 2 bedroom, distributed in 2 blocks with seven-storey buildings, with a large interior courtyard, rooftop swimming pool and lounge area. The Metropolitan apartments have wide views of the city of Málaga. All the properties have a modern design with optimal layouts and high quality materials to achieve the maximum space, functionality and luminosity in each room. In addition, all homes come with a parking space and storage room included in the price. No car needed! Walk to every amenity and public transport options.
Prices exclude purchase tax 10% VAT (IVA)
completion: Expected March 2024
payment terms
€6,600 reservation deposit
30% + 10% vat upon private contract
60% + 10% vat upon completion at notary with title deeds
Prices exclude purchase tax 10% VAT (IVA)
completion: Expected March 2024
payment terms
€6,600 reservation deposit
30% + 10% vat upon private contract
60% + 10% vat upon completion at notary with title deeds
Property Features
- 1 bedroom
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
22,700€
Final Payment of 90% on completion
231,300€
Property Purchase Expenses
Property price
257,000€
Transfer tax 10%
25,700€
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.