Land for sale in Torrox, Málaga, Spain

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Ref: TP129

Property marketed by Competa Properties S.L.

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Building plot for sale in the area of El Peñoncillo, a residential area between Torrox and Nerja, 2 minutes from the wonderful beaches of the Costa del Sol. It has spectacular panoramic sea views and due to its great orientation it can benefit from a lot of sun all day long.

The plot has 1080 m2 with 550 m2 buildable and offers the possibility to build two houses.

It is an ideal area to build your dream house, please do not hesitate to contact us for more information!

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Property Features

0 bedrooms
0 bathrooms
1,080m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

32,000€

Final Payment of 90% on completion

315,000€

Property Purchase Expenses

Property price

350,000€

Transfer tax 10%

35,000€

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:

350,000€

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%.