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Ref: TP015
Property marketed by Competa Properties S.L.
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A wonderful plot between the village of Torrox and Frigiliana, about 40 minutes by car from the coast. The property measures 69.000 m2 and has breathtaking views to the sea, mountains and the village of Torrox. It has several access routes, land with plenty of water, electricity can be easily connected and is currently classified as an agricultural use with the possibility of building a 400m2 storehouse.
An amazing investment opportunity.
An amazing investment opportunity.
Property Features
- 0 bedrooms
- 0 bathrooms
- 69,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,900€
Final Payment of 90% on completion
143,100€
Property Purchase Expenses
Property price
159,000€
Transfer tax 10%
15,900€
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.