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Ref: 60-3544-5
Property marketed by Javea Estates
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The villa is being built in a suburb of Alfaz del Pi but within walking distance of all amenities on a flat plot. There is an entrance hall, a living dining room with an open kitchen and from the living room you can go through the large windows to the covered terrace. There are also 2 double bedrooms, a master bedroom with walk-in closet and 2 bathrooms. Outside in the Mediterranean garden there is a swimming pool and parking space for 2 cars.
Property Features
- 3 bedrooms
- 2 bathrooms
- 240m² Build size
- 510m² Plot size
- Swimming Pool
- Air conditioning
- Automatic gate
- Double glass
- Fitted wardrobes
- Garden
- Pool
- Terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
57,000€
Final Payment of 90% on completion
540,000€
Property Purchase Expenses
Property price
600,000€
Transfer tax 8%
48,000€
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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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.