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Ref: OCG-59560922
Property marketed by Olive Grove Estates
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A vintage residence ripe for transformation or renovation awaits. Accompanied by images showcasing its current condition alongside architectural renderings by a local architect of past work, so purchasers can envision its potential. This property sits ideally in the heart of Almansa city. With the capacity for constructing between 2 to 4 stories, the plot spans nearly 170 square meters, boasting 9 meters of frontage and a depth of 26 meters. Additionally, the opportunity to purchase two garages in the adjacent building is available.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,900€
Final Payment of 90% on completion
44,100€
Property Purchase Expenses
Property price
49,000€
Transfer tax 10%
4,900€
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.