Land for sale in Torrox Park, Málaga, Spain

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Ref: TP065

Property marketed by Competa Properties S.L.

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The urban plot borders the urbanization of Torrox Park. An urbanization at the entrance of Torrox, good connection to the highway A-7 (3min), schools, shops and boardwalk are 4 min. Away (2.73km by road - 1.44km in straight line)

Surrounded by nature, on an elevated hill with spectacular views of the Mediterranean sea, mountains and also the town. It has many possibilities for housing of different types: apartments, villas, terraced houses.

The total area of the plot is 26,710m2, with a buildable area of 20%, resulting in 5.342m2 of buildable space. The solar is completely set in UE-1 of the partial plan URP-4 of Torrox and has now the urban classification.

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Property Features

0 bedrooms
0 bathrooms
26,710m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

151,500€

Final Payment of 90% on completion

1,390,500€

Property Purchase Expenses

Property price

1,545,000€

Transfer tax 10%

154,500€

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.

Mortgage Calculator

Mortgage Amount:

1,545,000€

Deposit:

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* 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%.