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Ref: OCG-7305350
Property marketed by Olive Grove Estates
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Discover tranquility and rustic charm in this country home nestled in the serene landscapes of Tibi, Alicante. This property spans 212 m² and offers the perfect canvas for your rural retreat vision. With 1 bedroom and 1 bathroom, there's ample space to customize and create your dream sanctuary. Situated on a vast land plot of 85,907 m², the possibilities are endless for expansion, agriculture, or simply embracing the natural beauty that surrounds you. While the property is second-hand and requires renovation, it presents an exciting opportunity to craft a personalized haven amidst breathtaking vistas. Enjoy the peace and seclusion of country living while being just a short distance from the amenities of Tibi, Alicante.
Property Features
- View Video Tour
- 1 bedroom
- 1 bathroom
- 212m² Build size
- Outside Space - Large Garden
- Outside Space - Patio
- Business Potential
- Country Views
- Tranquil
- Water Well
- Wood Burner
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
17,000€
Final Payment of 90% on completion
179,996€
Property Purchase Expenses
Property price
199,995€
Transfer tax 8%
16,000€
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.