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Ref: ADH3511W
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Large Rustic Property in Lorca. Rustic property of 79.92 hectares, electricity, two ponds, two wells, private hunting reserve of 165 hectares, pine forests, orchard and plain for planting. With a 550m2 built farmhouse, two floors, seven bedrooms with beds and built-in wardrobes, four bathrooms, two kitchens furnished with appliances, two dining rooms with fireplace and terrace, large 60m2 ballroom with marble fireplace, swimming pool and large solarium, outdoor barbecue with four toilets
Property Features
- 7 bedrooms
- 4 bathrooms
- Swimming Pool
- Solarium
- Terrace
- Fireplace - log burner
- Barbecue
- Mains Electric
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 8%
54,400€
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.