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Ref: M268468
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Villa located in the area of Mijas and built in Andalusian style with a beautiful panoramic view to the sea and the country side of Fuengirola. The villa is well connected, being only a three minute drive to Mijas pueblo, and a ten minute drive to Fuengirola and Benalmadena pueblo. This property has four bedrooms and four bathrooms, spacious kitchen, large sitting room with dining room, and a garage for four cars. The villa has a construction area of six hundred and thirty five square meters and is built on a plot of two thousand three hundred and ninety square meters.
Property Features
- 5 bedrooms
- 4 bathrooms
- 635m² Build size
- 2,388m² Plot size
- 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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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.