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Ref: CDSS-67554
Property marketed by Stratus International Properties
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NEW DEVELOPMENT IN PALO ALTO A development of 60 flats and penthouses located on the highest plot in Palo Alto, overlooking Marbella. Modern open plan 2 and 3 bedroom designs, with stunning sea views from all properties, as well as an outdoor swimming pool surrounded by lush gardens, and benefiting from access to all the amenities of Palo Alto. The ground floor flats have a private garden with patio and unobstructed sea views. All homes are designed to maximise natural light. They are south facing so that the Mediterranean light floods the main rooms of your new home. Marbella is considered the capital of the western Costa del Sol. Bathed by the sea and sheltered from the mountains, with splendid and extensive beaches with calm waters along 27 km of coastline, natural attractions, marinas, its 21 golf courses, and a wide gastronomic offer, from the typical "chiringuitos" beach bars and tapas bars, to the most luxurious Michelin-starred restaurants. All this, together with its microclimate with 320 days of sunshine a year, make Marbella one of the most sought-after destinations in Spain.
Property Features
- 2 bedrooms
- 2 bathrooms
- 108m² Build size
- Communal Pool
- Gated
- Views: Sea
- Near Schools
- Near Commercial Center
- Near Bus Route
- Location: Coastal, Urbanisation
- Air Conditioning: Pre-Installed
- Elevator/Lift
- Near Golf / Golf Resort Property
- Double Bedrooms: 2
- Near Trees
- Gym
- Terrace: 31 Msq.
- Beach: 5000 Meters
- Useable Build Space: 101 Msq.
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,900€
Final Payment of 90% on completion
629,100€
Property Purchase Expenses
Property price
699,000€
Transfer tax 10%
69,900€
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.