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Ref: TG009
Property marketed by Competa Properties S.L.
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Located in a charming and well-maintained building in the desirable area of Torrox Costa, this offer includes both a convenient parking space and a spacious storage room. The storage room boasts approximately 7 square meters of space, providing ample room for your belongings. The property is situated in a prime location, ensuring easy access to local amenities and attractions. Don't miss out on this excellent opportunity. For more details or to arrange a viewing, please do not hesitate to contact us.
Property Features
- 0 bedrooms
- 0 bathrooms
- 7m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
200€
Final Payment of 90% on completion
28,800€
Property Purchase Expenses
Property price
32,000€
Transfer tax 10%
3,200€
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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Spanish Property News & Updates by Spain Property Portal.com
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.