Country House for sale in Sant Antoni de Portmany, Ibiza, Spain

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Ref: 2960

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It is a plot with a building of 6 flats with project in Sant Antoni de Portmany. It has the basic project licence.The plot is 556 m2 with licence for the construction of a multi-family building with swimming pool on urban land. In process of preparation of the executive project; soon it will be possible to carry out the work. The building is planned to have 4 very spacious flats (more than 90 m2) + 2 penthouses (more than 75 m2), an underground garage with 6 parking spaces and storage rooms, and a communal swimming pool. According to the urban regulations, the same covered surface as the plot is allowed in 3 levels. However, the southern boundaries of the property are rustic zone. And no more than one storey can be exceeded, so the building will permanently enjoy unobstructed views and sunshine.At the moment there is an existing building which has to be demolished.

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Property Features

0 bedrooms
0 bathrooms
556m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

142,000€

Final Payment of 90% on completion

1,305,000€

Property Purchase Expenses

Property price

1,450,000€

Transfer tax 10%

145,000€

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.

Mortgage Calculator

Mortgage Amount:

1,450,000€

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%.