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Ref: NP007
Property marketed by Competa Properties S.L.
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Fabulous business opportunity: Ready for you to start building, this project offers 19 terraced & semi-detached villas with private swimming pools and magnificent panoramic sea views, just minutes drive from the Penoncillo beach in Torrox Costa (Costa del Sol)
The plot is just over 3,200 square metres, with estate installations ready, such as street lights & roads. Each house has been designed to guarantee views and the best sun, .
Whether your idea is a family run complex or to sell off the individual houses, this is a very sound investment project.
Don’t wait for someone else to take this opportunity away from you. Contact us today!
The plot is just over 3,200 square metres, with estate installations ready, such as street lights & roads. Each house has been designed to guarantee views and the best sun, .
Whether your idea is a family run complex or to sell off the individual houses, this is a very sound investment project.
Don’t wait for someone else to take this opportunity away from you. Contact us today!
Property Features
- 0 bedrooms
- 0 bathrooms
- 3,217m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
107,000€
Final Payment of 90% on completion
990,000€
Property Purchase Expenses
Property price
1,100,000€
Transfer tax 10%
110,000€
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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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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.