Land for sale in Arenas de Velez, Málaga, Spain

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Ref: P094

Property marketed by Competa Properties S.L.

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Terrain of about 10000m2, situated in the countryside of Arenas on about a 3-minute-drive from this town. The coast can be reached within 15 minutes and Vélez-Málaga in 10 minutes. This property is located on a hill top with fantastic views over the mountains and the Mediterranean. There is a building registered which makes construction possible given the current local laws. Apart from the building the terrain contains another plot of 400m2 for possible future construction. Electricity and water are already connected. Title deeds are up-to-date.

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Property Features

0 bedrooms
0 bathrooms
10,000m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,900€

Final Payment of 90% on completion

116,100€

Property Purchase Expenses

Property price

129,000€

Transfer tax 10%

12,900€

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.

Mortgage Calculator

Mortgage Amount:

129,000€

Deposit:

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.