Land for sale in Torrox, Málaga, Spain

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Ref: TP080

Property marketed by Competa Properties S.L.

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A magnificent building plot for sale in the town of Torrox with views of the surrounding verdant countryside and the white town. The property offers 3785m2, of which 2855m2 is a direct urban area with the possibility of making a building project, it can be built all within the urban meters. The surrounding areas have lighting and pavements.

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Property Features

0 bedrooms
0 bathrooms
3,785m² Build size
3,785m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

157,000€

Final Payment of 90% on completion

1,440,000€

Property Purchase Expenses

Property price

1,600,000€

Transfer tax 10%

160,000€

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:

1,600,000€

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%.