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Ref: TP115
Property marketed by Competa Properties S.L.
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Farmland plot in the Barranco del Puerto area of Torrox, with 21,000 m2 of uncultivated land. It is sold with the right to 3 hours of water, equivalent to 4,000 litres per week. Access is via country lanes in good condition. From the plot there are views of the sea and the town of Nerja and the mountains. This land is next to another plot of land , with the same owner, the reference TP116. If you buy TP115 with TP116 you could get permission to build a house.
Property Features
- 0 bedrooms
- 0 bathrooms
- 21,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,600€
Final Payment of 90% on completion
140,400€
Property Purchase Expenses
Property price
156,000€
Transfer tax 10%
15,600€
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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