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Ref: AG19MLSC5793137
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Enclosed shell villa built on an urban plot in the sought-after baños district of Fortuna. The villa has 3 bedrooms and 2 bathrooms. It is connected to water and electricity. It is within walking distance of the Fortuna spa.
The villa is sold as a closed shell at a price of €139900. The builder can also sell the villa fully finished for €179900.
The villa is sold as a closed shell at a price of €139900. The builder can also sell the villa fully finished for €179900.
Property Features
- 3 bedrooms
- 2 bathrooms
- 1,315m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,990€
Final Payment of 90% on completion
125,910€
Property Purchase Expenses
Property price
139,900€
Transfer tax 8%
11,192€
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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Spanish Property News & Updates by Spain Property Portal.com
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.