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Ref: CSP-ND953
Property marketed by Crystal Shore Properties
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Stunning new development under construction with completion due end of 2018. This beautiful and tranquil gated community is situated in an elevated position in the hills of Benahavis offering amazing views down to the Mediterranean and as far as Africa and Gibraltar. The exclusive complex offers its residents 24 hour security, extensive gardens, attractive water features and four large swimming pools along with a concierge service. There are a total of 22 units to choose from, 2 and 3 bedroom apartments or 2 bedroom penthouses with prices starting from €320,000. Each property has an open plan kitchen with Gaggenau appliances, a spacious living and dining room, fitted wardrobes and sunny South facing terraces. Each unit comes with an underground parking space and storeroom included in the price. Within close proximity are a number of golf courses such as El Paraiso, Atalaya and Los Flamingos to name a few.
Property Features
- 2 bedrooms
- 2 bathrooms
- 103m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
32,000€
Final Payment of 90% on completion
315,000€
Property Purchase Expenses
Property price
350,000€
Transfer tax 10%
35,000€
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.