Land for sale in Velez Malaga, Málaga, Spain

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Ref: SD1F-46853

Property marketed by David Santiago Inmobiliaria

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Large estate of 8 and a half hectares in the heart of the Axarquia. Planted with mangoes (Osteen variety). Average production around 300,000kg. Pond of 30 million liters of water. Warehouse of about 80m2. A cottage included. 3km from Vélez-Málaga. Approximate expenses of € 100,000 per year.

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Property Features

0 bedrooms
0 bathrooms
80,500m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

226,000€

Final Payment of 90% on completion

2,061,000€

Property Purchase Expenses

Property price

2,290,000€

Transfer tax 10%

229,000€

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.

Mortgage Calculator

Mortgage Amount:

2,290,000€

Deposit:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.