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Ref: 4392I
Property marketed by Smilo Real Estate SL
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This luxury villa is at Calle Luxemburgo, 38660, Costa Adeje, Santa Cruz de Tenerife, is in the district of Costa Adeje. It is a villa that has 210 m2 and has 3 rooms and 4 bathrooms.
Besides, it includes piscina, vistas al mar, parking and villa.
Besides, it includes piscina, vistas al mar, parking and villa.
Property Features
- 3 bedrooms
- 4 bathrooms
- 252m² Build size
- 406m² Plot size
- Swimming Pool
- alto standing
- parking
- piscina
- villa
- vistas al mar
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
228,500€
Final Payment of 90% on completion
2,083,500€
Property Purchase Expenses
Property price
2,315,000€
Transfer tax 10%
231,500€
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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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.