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Ref: TP031
Property marketed by Competa Properties S.L.
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Marvellous residential plot situated between the white villages of Torrox and Nerja. Located in a newly built urbanization with beautiful surroundings, lighting and pavements. This plot of 820sqm is the ideal place to build the house of your dreams.
It has an excellent situation and panoramic views to the sea to enjoy the light and space that offers the nature. Offers South East Orientation.
The price of this plot does not include VAT.
It has an excellent situation and panoramic views to the sea to enjoy the light and space that offers the nature. Offers South East Orientation.
The price of this plot does not include VAT.
Property Features
- 0 bedrooms
- 0 bathrooms
- 420m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,100€
Final Payment of 90% on completion
99,900€
Property Purchase Expenses
Property price
111,000€
Transfer tax 10%
11,100€
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.