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Ref: TP112
Property marketed by Competa Properties S.L.
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Magnificent plot in the beautiful urbanisation of El Peñoncillo, Torrox Costa. Located in a quiet urbanization with nice surroundings, lighting and pavements. It has green areas in the surroundings.
This property has 2 plots, one of 496m2 and the other of 517m2 and is in the ideal place to build the house of your dreams.
It has an excellent location and views to the sea and green areas where you can enjoy the light and space that nature offers. It offers South East orientation.
Do not hesitate to contact us for more information!
This property has 2 plots, one of 496m2 and the other of 517m2 and is in the ideal place to build the house of your dreams.
It has an excellent location and views to the sea and green areas where you can enjoy the light and space that nature offers. It offers South East orientation.
Do not hesitate to contact us for more information!
Property Features
- 0 bedrooms
- 0 bathrooms
- 517m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,000€
Final Payment of 90% on completion
153,000€
Property Purchase Expenses
Property price
170,000€
Transfer tax 10%
17,000€
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.
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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.