Land for sale in Altea, Alicante, Spain

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Ref: AG19138575

Property marketed by Spain Property Shop S.L

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It is a south facing plot with incredible views in Altea Hills. In its western boundary there is a plot of Green Zone owned by the City Council of Altea and there are also no urban plots above it since it is rustic land. Its surface is 1,131.50m2 although in cadastre it appears a little more 1,196m2. On the plot you can build an isolated detached house with the following characteristics: • Maximum occupancy: 33% • Maximum buildable: 28% • Maximum height: 7ml (2 floors) • Retranqueos: 5 m to the street and 3 m to neighbors The sale price does not include expenses or taxes

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Property Features

0 bedrooms
0 bathrooms
1,132m² Plot size
Sea view

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

8,500€

Final Payment of 90% on completion

103,500€

Property Purchase Expenses

Property price

115,000€

Transfer tax 8%

9,200€

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.

Mortgage Calculator

Mortgage Amount:

115,000€

Deposit:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.