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Villa on one level for sale in Estepona consisting of a lounge, 2 bedrooms, a bathroom, an American kitchen and a terrace. Pool. Parking. Fruit trees. Plot of 3.300m2. Mountain views. Tranquil area. Approx. 7km from the sea.
Property Features
- 2 bedrooms
- 1 bathroom
- 90m² Build size
- 3,300m² Plot size
- Swimming Pool
- quiet location
- fitted kitchen
- fireplace
- large garden
- terrace
- fruit trees
- parking
- pool
- private pool
- mountain views
- store room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,900€
Final Payment of 90% on completion
269,100€
Property Purchase Expenses
Property price
299,000€
Transfer tax 10%
29,900€
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.