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Ref: TP127
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 area with nice surroundings, lighting and pavements. It has green areas close by.
There are a total of 13 plots available, each plot is over 400m2 and offers spectacular views towards the mountains and the Mediterranean Sea.
It is an ideal area to build your dream home. Cómpeta Properties can help you find an architect and design the house to your personal taste, please do not hesitate to contact us for more information!
There are a total of 13 plots available, each plot is over 400m2 and offers spectacular views towards the mountains and the Mediterranean Sea.
It is an ideal area to build your dream home. Cómpeta Properties can help you find an architect and design the house to your personal taste, please do not hesitate to contact us for more information!
Property Features
- 0 bedrooms
- 0 bathrooms
- 430m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,000€
Final Payment of 90% on completion
90,000€
Property Purchase Expenses
Property price
100,000€
Transfer tax 10%
10,000€
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.