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Ref: TH564
Property marketed by Competa Properties S.L.
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Charming townhouse centre of Arenas which is a charming white village only 15 minutes from Velez-Malaga. The village offers all the amenities needed for everyday life . The property is extremely spacious and very a courtyard and cellar . Accommodation is over three floors with a spacious kitchen adjoining the large living room, 6 bedrooms and two bathroom. A wonderful sunny roof terrace takes full advantage of the magnicent views. Currently uses as laundry space it is an ideal place to relax and enjoy the ambience of this pretty village. Could be a superb residence or is suitable for convertions to a B & B.
Property Features
- 6 bedrooms
- 2 bathrooms
- 109m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,500€
Final Payment of 90% on completion
121,500€
Property Purchase Expenses
Property price
135,000€
Transfer tax 10%
13,500€
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.