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Ref: CSP-ND728
Property marketed by Crystal Shore Properties
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This is a unique and innovative project of 15 contemporary style apartments and penthouses with panoramic sea and mountain views, due completion end of 2019 in a highly sought after and gated residential community of Benahavis. The properties will be constructed to the latest and highest of quality specifications featuring a wide range of luxurious materials for customers to choose, and distributions can also be modified to new owners specifications. To include open plan living areas, connecting faultlessly with the outdoors to enjoy the sought after al fresco lifestyle. The designer complex will include 24 hour security, an infinity edge swimming pool and multipurpose rooms that can be used as a gym, Spa, social club and more.
Property Features
- 4 bedrooms
- 4 bathrooms
- 250m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
65,000€
Final Payment of 90% on completion
612,000€
Property Purchase Expenses
Property price
680,000€
Transfer tax 10%
68,000€
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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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.