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Ref: SD35-48869
Property marketed by NERJA BEACH PROPERTIES
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Land for sale located in Torrox, with 2483m, currently has planted olive trees, with water action of 18,000L every 8 days. Possibility of building an implement and swimming pool, wonderful views of the sea and the mountains. Land for sale located in Torrox, with 2483m, currently has olive trees planted, with water action of 18,000L every 8 days. Possibility of building an implement and pool, wonderful views of the sea and the mountains
Property Features
- 0 bedrooms
- 0 bathrooms
- 2,483m² Build size
- 2,483m² Plot size
- Views : Beach/sea
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,700€
Final Payment of 90% on completion
51,300€
Property Purchase Expenses
Property price
57,000€
Transfer tax 10%
5,700€
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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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.