Land for sale in Torrox, Málaga, Spain

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Ref: TP002

Property marketed by Competa Properties S.L.

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This plot is centrally placed just above Torrox town, and comprises 3.000 m2 above the road and approx 1.100 m2 below the road. It is classed as building land and is tax registered. A unique investment opportunity, with the purchase of this plot you would be able to construct in an elevated position commanding fantastic views.

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Property Features

0 bedrooms
0 bathrooms
4,100m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

69,975€

Final Payment of 90% on completion

656,775€

Property Purchase Expenses

Property price

729,750€

Transfer tax 10%

72,975€

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.

Mortgage Calculator

Mortgage Amount:

729,750€

Deposit:

€

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.