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Ref: SC17-41143
Property marketed by NERJA BEACH PROPERTIES
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Great modern house, in Peñoncillo under construction. With 200 meters of basement which is the total area of the plot, on which this modern house with private pool and sea views is going to be built Construction Finals 2024. You can buy the house in structure at 398,000 or made at 495,000
Property Features
- 3 bedrooms
- 2 bathrooms
- 200m² Build size
- 120m² Plot size
- Swimming Pool
- Garden : Yes
- Swimming pool : Yes
- Sun/facing : South
- Private patio
- Basement
- Terrace/balcony
- Walk-in closet
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,500€
Final Payment of 90% on completion
445,500€
Property Purchase Expenses
Property price
495,000€
Transfer tax 10%
49,500€
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.