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Ref: R4341709
Property marketed by Spanish Legal Homes
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Cozy countryside finca located in close proximity to Estepona. Adjacent to the majestic Sierra Bermeja mountain, this tranquil property offers a sense of serenity. The primary residence features a spacious living area, a fully equipped kitchen, two bedrooms and two bathrooms. The guest house, currently functioning as an artist's studio, presents an opportunity for effortless conversion into a charming one or two-bedroom apartment. A secluded swimming pool enhances the private ambiance of this remarkable estate.R4341709
Property Features
- 2 bedrooms
- 2 bathrooms
- 152m² Build size
- 11,663m² Plot size
- Air conditioning
- Central heating
- Fully fitted kitchen
- Fireplace
- Guest room
- Storage room
- Alarm
- Barbeque
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,500€
Final Payment of 90% on completion
625,500€
Property Purchase Expenses
Property price
695,000€
Transfer tax 10%
69,500€
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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Spanish Property News & Updates by Spain Property Portal.com
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.