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Ref: M270478
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Rustic property located about 5 minutes by car to the town Costitx where you will find all the infrastructure you need such as supermarkets, premises, shops, the town hall, school ect. There is also the well-known planetarium, just 5 minutes away by car. The Finca is located in a quiet area with unobstructed views and few neighbors around with two accesses by two different roads 300 m from the paved road. The property is enclosed with a stone wall and has a small 30m2 stone hut and 100m2 animal rooms with a cistern. The farm has carob, fig, olive trees and an area for hunting. It has no electricity although the electrical connection is very close. Currently the use of the land is agricultural and livestock. Due to the available area of the farm, a house of up to 220 m2 could be built with a swimming pool and terraces, plus a large garage in the basement and a large garden area. The price does not include the taxes corresponding to the purchase, nor the notary and property registration expenses. We are also a construction company, for any questions do not hesitate to contact us.
Property Features
- 0 bedrooms
- 0 bathrooms
- 113m² Build size
- 61,906m² Plot size
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
40,000€
Final Payment of 90% on completion
387,000€
Property Purchase Expenses
Property price
430,000€
Transfer tax 10%
43,000€
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.
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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.