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Originally a farmhouse located on a large plot in the natural surroundings with lake view, quiet and private. An idyllic spot where you can still decide how you want to modernise it.
At the moment it has water but no electricity. However, solar energy can go a long way here too.
Formentera, like Ibiza, has 300 days of minimum yearly sunshine and with the current energy clima, solar panels are welcome and are subsidized.
Formentera is known for its white Caribbean shores, many culinary restaurants and peaceful tranquillity for holidays, where you can do lots of water sports and everything is accessible by bike. Ferry crossing to Ibiza takes just 30 minutes.
Property Features
- 2 bedrooms
- 1 bathroom
- 96m² Build size
- 1,968m² Plot size
- garden
- bathroom
- sea views
Costing Breakdown
* 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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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.
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.