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Ref: BG-38091
Property marketed by Vivacosta
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This already existing villa will be renovated in the near future into a beautiful contemporary villa consisting of 2 floors. On the first floors there are 2 double bedrooms, a bathroom and the master bedroom with dressing area and bathroom en suite. On the ground floor there is a spacious lounge with dining area, a fully equipped modern kitchen and a double bedroom with bathroom en suite. In addition, the house will have a spacious covered terrace with swimming pool from where you can enjoy the beautiful views over the sea.
Property Features
- 4 bedrooms
- 3 bathrooms
- 307m² Build size
- 1,000m² Plot size
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 8%
96,000€
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.