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Ref: M271680
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Mil Palmeras, Detached villa with a large plot of 1000 m2 and a house on 2 floors plus a basement-garage of about 350 m2, it is located just 300 m from the beach, and has 4 bedrooms, all doubles, with 3 bathrooms, a large living room dining room on two levels, large independent kitchen with laundry area, upstairs has another living room with a billiards and private bar, the house has 3 terraces, a garage for two cars and a cellar, it has a large garden with its barbecue and with its pergola and a large private pool.
Property Features
- 8 bedrooms
- 2 bathrooms
- 350m² Build size
- 1,000m² Plot size
- Communal Pool
- Garden
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,000€
Final Payment of 90% on completion
621,000€
Property Purchase Expenses
Property price
690,000€
Transfer tax 8%
55,200€
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.