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Ref: M270344
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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This plot is situated in the upscale La Quinta neighbourhood with an east-south orientation. Because of its elevation and special location on 1.329 m2 of land, the plot has breathtaking views of the sea. Sold along with a nearly 700 m2 villa project. The building permit is currently is granted. A fantastic investment opportunity
Property Features
- 0 bedrooms
- 0 bathrooms
- 864m² Build size
- 1,329m² Plot size
- Swimming Pool
- 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.
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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.