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Ref: M268234
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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The property is distributed in two completely independent living areas, so it is ideal for a family home with separate guest accommodation or the use as holiday rental business or even as a B&B. The upper level has 157 m2 and the bottom part 208 m2 . The house is fully registered and the owner can provide the Spanish Tourist Board license. The home has 5 double bedrooms, 5 bathrooms, 1 kitchen, living room, dressing area, library, office. It also has an outside porch with barbecue and a Jacuzzi on the upper terrace. Outside there is a large plot with a variety of fruit trees, swimming pool and spacious parking.
Property Features
- 5 bedrooms
- 5 bathrooms
- 365m² Build size
- 1,000m² Plot size
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
92,000€
Final Payment of 90% on completion
855,000€
Property Purchase Expenses
Property price
950,000€
Transfer tax 10%
95,000€
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.