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Ref: CT-40082
Property marketed by Vivacosta
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Fantastic country house located on a flat plot with great potential to acquire about 160m to be able to build 2 villas on this magnificent plot with incredible views of the bay of Calpe. The property was built in the last century, it could be renovated to a current style while maintaining the rustic charm.
Property Features
- 4 bedrooms
- 1 bathroom
- 104m² Build size
- 1,445m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
36,900€
Final Payment of 90% on completion
359,100€
Property Purchase Expenses
Property price
399,000€
Transfer tax 8%
31,920€
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.