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Ref: CSP-ND720
Property marketed by Crystal Shore Properties
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Welcome to this prestigious new development of five luxurious villas of an ultra-modern contemporary design, currently under construction and due completion mid 2018. They are located in the exclusive 24h gated Los Flamingos golf resort which is famed for its five stars hotel Villa Padierna, and with easy access to an abundance of amenities. They are being built according to the highest of quality standards and with the best materials throughout. The special attention is paid to the details of interior and exterior design which creates a sense of true comfort and convenience. Every villa is created with the intention to offer a private and individual home to enjoy life in the sunshine.
Property Features
- 5 bedrooms
- 5 bathrooms
- 550m² Build size
- 1,285m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
242,000€
Final Payment of 90% on completion
2,205,000€
Property Purchase Expenses
Property price
2,450,000€
Transfer tax 10%
245,000€
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.