Land for sale in Arta, Mallorca, Spain

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Ref: M270566

Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )

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Large country house located on the Arta - Cañamel road, less than 1 km from the village of Arta. The farm, is a set of rustic farms of different sizes. The farm, is totally flat and has parts for agriculture and other parts is oak forest. Besides, it has a great variety of native trees of the islands. The property has an old typical sinia of Mallorca, or well of water drilled in the ground, along with an old mill with a big algibe. There is also a large house in a state of ruin. The property has its own electricity with meter and plenty of water. Much of the set of farms are protected.

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Property Features

0 bedrooms
0 bathrooms
200m² Build size
62,299m² Plot size
Light
Water
X

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

57,000€

Final Payment of 90% on completion

540,000€

Property Purchase Expenses

Property price

600,000€

Transfer tax 10%

60,000€

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:

600,000€

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%.