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Ref: M269742
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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This interesting property is located in the heart of Fuengirola. The location is perfect. It consists of an area of 290M2 where 78 are for office and 212 for housing. It is the ideal opportunity to build a 4-story building. Along with this plot, a 130 m2 parking space is also sold right next to it, ideal for 6 cars. It is an investment opportunity or a family home. This property will not be on the market for long so view now to avoid disappointment.
Property Features
- 6 bedrooms
- 6 bathrooms
- 420m² Build size
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
97,000€
Final Payment of 90% on completion
900,000€
Property Purchase Expenses
Property price
1,000,000€
Transfer tax 10%
100,000€
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.