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Ref: CSP-ND678
Property marketed by Crystal Shore Properties
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Contemporary designer villas under construction in Marbella, exclusively situated in a 24h gated community of The Golden Mile within easy reach of all amenities, including Marbella´s finest restaurants, shops and sandy beaches. Currently under construction and due completion mid 2019, these high spec villas will feature the highest qualities and include five or six double bedrooms with en suite bathrooms, an elegant & bright living-dining area with gas fireplace, a fully equipped kitchen fitted with Siemens appliances, an al fresco roof terrace with Jacuzzi and sea views, a large basement with multipurpose room and a double garage. The grounds will offer a private swimming pool surrounded by landscaped gardens.
Property Features
- 6 bedrooms
- 6 bathrooms
- 476m² Build size
- 618m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
237,000€
Final Payment of 90% on completion
2,160,000€
Property Purchase Expenses
Property price
2,400,000€
Transfer tax 10%
240,000€
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.
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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.