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Ref: SD31-52170
Property marketed by NERJA BEACH PROPERTIES
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An exceptional opportunity presents itself with a plot of 317m2 in Torrox Park, where a construction of up to 33% is allowed, equivalent to a maximum of 100m2 for architectural development. The offer stands out for its convenience as it includes essential services such as electricity and water. A key point to consider is the advantage that the basement is not accounted for in the construction calculation, thus providing unrestricted creative freedom to design and utilize the underground space. This location stands out for being an excellent area, perfect for building a beautiful villa with stunning views
Property Features
- 0 bedrooms
- 0 bathrooms
- 317m² Build size
- 317m² Plot size
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,500€
Final Payment of 90% on completion
112,500€
Property Purchase Expenses
Property price
125,000€
Transfer tax 10%
12,500€
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.