Land for sale in Cutar, Málaga, Spain

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Ref: P174

Property marketed by Competa Properties S.L.

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With the possibility that you can build your own country property in Spain. An attractive plot of approx. 28.000m2. The land has very scenic views of the magnificent backdrop of the Sierras, surrounding countryside and villages. The plot comprises a ruined country property that can be rebuilt. There are many olive trees on the land which could be used to provide an annual income.

Mains water and electricity are nearby. They can be easily connected.

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Property Features

0 bedrooms
0 bathrooms
9m² Build size
28,000m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

15,800€

Final Payment of 90% on completion

169,200€

Property Purchase Expenses

Property price

188,000€

Transfer tax 10%

18,800€

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:

188,000€

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%.