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Ref: ASK7968C
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Villa 255 m2. with stunning panoramic views of the sea and Benidorm and its surroundings in the prestigious Sierra Cortina urbanization.It has 3 bedrooms, 2 or 3 bathrooms, 2 toilets, INFINITY pool, garage for 2 cars, garden, plot 545 m2.The price 1200 000 euro.
Property Features
- 3 bedrooms
- 3 bathrooms
- 400m² Build size
- 545m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
134,500€
Final Payment of 90% on completion
1,237,500€
Property Purchase Expenses
Property price
1,375,000€
Transfer tax 8%
110,000€
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.