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Ref: TH1161
Property marketed by Competa Properties S.L.
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Townhouse in Canillas de Albaida, in the chain of white villages of the Axarquía Malagueña. Entrance porch, ground floor with lounge, bathroom, kitchen and bedroom/office. First floor with large living room, dining room/kitchen, 4 bedrooms, 2 bathrooms, laundry room and balconies. First floor with terrace and 360 degree views. Ideal for weekends, family holidays, permanent living or tourist accommodation.
Property Features
- 5 bedrooms
- 3 bathrooms
- 167m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,900€
Final Payment of 90% on completion
152,100€
Property Purchase Expenses
Property price
169,000€
Transfer tax 10%
16,900€
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.
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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.