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Ref: z507
Property marketed by Olvera Properties
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Prospect Place is an exciting opportunity for someone to buy and create the home of their dreams in Pruna, southern Spain.
The plot has been cleared and made ready for building, neighbouring buildings have been sured up since demolition and original plans for a large family home with over 240 sq metres living space offered with the sale. The property is Calle Puerto 72 and 74 and can be viewed from the outside if required.
Floor Area: 240
Property Features
- 0 bedrooms
- 0 bathrooms
- floor area 240
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
11,950€
Property Purchase Expenses
Property price
14,950€
Transfer tax 10%
1,495€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.