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Ref: NTH035
Property marketed by Competa Properties S.L.
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For sale: a newly built house in the Peñoncillo area of Torrox-Costa. This is an ideal location due to its proximity to the beaches of the Costa del Sol.
The property consists of 2 bedrooms, a bathroom and a terrace. It has a southeast orientation, providing the opportunity to enjoy stunning views of the sea and the mountains.
It includes a garage for added convenience, as well as a swimming pool, making it a perfect occasion to enjoy leisure activities.
The construction is expected to be completed between February and March 2025.
This is a unique opportunity to acquire a completely new home and create your new living space to your liking. Don’t hesitate to contact us for more information!
The property consists of 2 bedrooms, a bathroom and a terrace. It has a southeast orientation, providing the opportunity to enjoy stunning views of the sea and the mountains.
It includes a garage for added convenience, as well as a swimming pool, making it a perfect occasion to enjoy leisure activities.
The construction is expected to be completed between February and March 2025.
This is a unique opportunity to acquire a completely new home and create your new living space to your liking. Don’t hesitate to contact us for more information!
Property Features
- 2 bedrooms
- 1 bathroom
- 73m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
30,800€
Final Payment of 90% on completion
304,200€
Property Purchase Expenses
Property price
338,000€
Transfer tax 10%
33,800€
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.