Country House for sale in Sant Elm, Mallorca, Spain

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Property marketed by Ibizavende

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Located in the picturesque area of San Miguel, this large plot of 23,060 square metres offers an exceptional real estate opportunity. Although currently pending licensing, its potential is undeniable. This plot presents a diverse landscape that includes gentle slopes and possibly breathtaking views, creating a perfect canvas to develop a unique and customised project.The license pendency provides the planning flexibility to accommodate diverse architectural visions. This land is ideal for those seeking an exclusive property that blends harmoniously with the natural beauty of San Miguel. The generous acreage allows for the creation of a functional and aesthetically appealing design that takes full advantage of the surroundings.In addition, the strategic location in San Miguel adds further appeal, as this area is known for its tranquil charm and proximity to local services and amenities. This land pending licensing represents an exciting opportunity for those wishing to build their dream home in an idyllic and promising setting.We have many more houses, flats, villas, fincas, commercial premises and land for rent and sale on the island. Thank you for considering us as your real estate agency in Ibiza.

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Property Features

0 bedrooms
0 bathrooms
23,060m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

127,000€

Final Payment of 90% on completion

1,170,000€

Property Purchase Expenses

Property price

1,300,000€

Transfer tax 10%

130,000€

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:

1,300,000€

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.

Spanish Property News & Updates by Spain Property Portal.com

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%.