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Ref: AG19149263
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Torrevieja downtown area, very close to the new shopping center of the marina, a plot is offered in EXCHANGE, that is, in exchange for work, the owner wants 2 of the homes to be built. The plot has an area of 145.60 m2 with a façade of 9.70 m, and a Depth of 18.50 m. You can build 4 floors (3 and a set back attic), it is not necessary to build garages. You must ask the buyer for a sharing fee of €15,000.
Property Features
- 3 bedrooms
- 2 bathrooms
- 124m² Build size
- 150m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
0€
Final Payment of 90% on completion
12,000€
Property Purchase Expenses
Property price
15,000€
Transfer tax 8%
1,200€
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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