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Ref: R22284
Property marketed by Casas Almeria
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This property is a charming cortijo in need of renovation, located in Huércal-Overa, specifically in the Puertecico area. It features approximately 120m² of built space and sits on a rustic plot of 4000m². The land is mostly mountainous, with about 200m² of flat terrain in front of the house. It offers good access and stunning views, with water and electricity services available nearby for easy connection.
Property Features
- 0 bedrooms
- 0 bathrooms
- 120m² Build size
- 4,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
900€
Final Payment of 90% on completion
35,100€
Property Purchase Expenses
Property price
39,000€
Transfer tax 8%
3,120€
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.