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Ref: CSP-ND499
Property marketed by Crystal Shore Properties
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New exclusive apartments for sale in Marbella, situated in the affluent residential area of Nueva Andalucia within close proximity to all amenities including restaurants, bars, shops, schools and only 5 minutes drive to world famous Puerto Banus with its wonderful beaches. Currently under construction and due completion beginning of 2018, these contemporary style apartments will be located in a 24h gated complex with swimming pool and lush gardens. Spacious and bright layouts will feature double bedrooms with built in wardrobes, quality bathrooms, modern designer kitchens, and private sunny terraces to enjoy al fresco. Designed and built to the absolute highest quality standards using only the best materials.
Property Features
- 2 bedrooms
- 2 bathrooms
- 110m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
54,500€
Final Payment of 90% on completion
517,500€
Property Purchase Expenses
Property price
575,000€
Transfer tax 10%
57,500€
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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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.