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Renovated villa on one level for sale near Estepona consisting of a lounge, 3 bedrooms, 2 bathrooms, a kitchen and a terrace. Parking space for several cars. Plot of 4.000m2. Sea views. Quiet area.
Property Features
- 3 bedrooms
- 2 bathrooms
- 150m² Build size
- 4,000m² Plot size
- quiet location
- fitted kitchen
- fireplace
- beautiful garden
- garden
- terrace
- parking
- private pool
- unfurnished
- mountain views
- sea views
- close to restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
114,000€
Final Payment of 90% on completion
1,053,000€
Property Purchase Expenses
Property price
1,170,000€
Transfer tax 10%
117,000€
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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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.