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Ref: AG19151134
Property marketed by Spain Property Shop S.L
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Shared Ownership. Unique opportunity to acquire 45% of a first floor apartment on the Hacienda Riquelme Golf Resort.Originally marketed as a fractional ownership property with four owners, two holding 27.5% and two holding 22.5%. The two shares at 22.5% each are now on offer for €45,000.Each share has a 13 week occupancy spread over specified calendar weeks throughout the year, 27.5% shares were sold as school holidays weeks and the lower as golfing weeks therefore on offer are the 26 golfing weeks in total.Yearly fees are structured as 25% each share participation regardless of occupancy by original contract which cannot be changed.Historically owners have been flexible where possible in changing availability between themselves.This is a cost effective way to gain ownership on this lovely resort.Please contact us for further information.
Property Features
- 2 bedrooms
- 1 bathroom
- 67m² Build size
- Swimming Pool
- Balcony
- Fitted wardrobes
- Veranda
- Washer
- Kitchen appliances
- Aircondition, Split system
- Heating, Central
- Pool, Communal
- Childrens playground
- Tennis court
- Gated complex
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,500€
Final Payment of 90% on completion
40,500€
Property Purchase Expenses
Property price
45,000€
Transfer tax 8%
3,600€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.