Land for sale in Manacor, Mallorca, Spain

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Ref: M270515

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

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Plot located at the entrance of S'Illot, on the avenue towards Cala Morlanda, a few meters walking to the cove and the center of S'Illot. The plot, totally flat, is located on one of the main avenues of the commercial area. The plot is sold together with a preliminary plan for the parceling of the land a planning for the construction of 45 houses, both single-family and multi-family, it is also possible to build other types of properties with different uses. In planning, there is a green zone. The price does not include the corresponding taxes of the sale, nor the notary and property registration fees.

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Property Features

0 bedrooms
0 bathrooms
6,453m² Plot size
Residencial
X

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

117,000€

Final Payment of 90% on completion

1,080,000€

Property Purchase Expenses

Property price

1,200,000€

Transfer tax 10%

120,000€

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:

1,200,000€

Deposit:

€

Interest Rate:

Period:

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%.