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Ref: ADE2217V
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Choice of Exclusive Individual 5,000m2 Building Plot for Sale with Fully Legal Building License in beautiful NW Murcia with lovely Views of surrounding hills and countryside. Main electricity, water & telephone. Walk into village with 2 Excellent Bar/Restaurants, Bank, Annual Fiesta - Access onto tarmac road. Bargain €40,000 Euros. (Plot + Villa = from €400,000)The services of a local Architects and Builders are available with supervision from the architect. We have over 22 years experience of managing such projects with many happy clients in the area.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,000€
Final Payment of 90% on completion
36,000€
Property Purchase Expenses
Property price
40,000€
Transfer tax 8%
3,200€
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.