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Ref: ADE6727Y
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Fantastic opportunity! This is a 250 square metre townhouse situated in the Square of Algorfa. It is a Fantastic opportunity for reforming or using as building land, as it is situated in the very heart of the village overlooking the village square. Algorfa is a small friendly Spanish village located only 10 minutes drive to the beach and 35 minutes drive to loca Alicante Airport.
Property Features
- 4 bedrooms
- 2 bathrooms
- 124m² Build size
- 250m² Plot size
- Close to shops, restaurants, ...
- Close to sports facilities
- Close to medical centre
- Walking distance to shops, restaurants, ...
- Tarmac Road
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,995€
Final Payment of 90% on completion
107,955€
Property Purchase Expenses
Property price
119,950€
Transfer tax 8%
9,596€
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.