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Open-plan property for sale with ground floor plus two floors with a project for a student residence near the University of Castellón.
The project is currently under development, and includes 34 rooms with their own bathroom and kitchen, a two-bedroom apartment and also common areas.
The profitability of the project counting an approximate cost of work would be 8%, being a very attractive return in the case of a newly built property in an exclusive area.
This announcement is informative and without contractual value, it may contain errors. Expenses and taxes not included.
We speak Spanish, English and Dutch.
Property Features
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- 0 bedrooms
- 0 bathrooms
- 1,039m² Build size
- open terrace
- diaphanous distribution
- construction year: 2025
- orientation: Este-Norte-Sur-Oeste
Costing Breakdown
* 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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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
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.