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Property marketed by JMT Spanish Properties

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Great land of 20,000m2 that you can build a house of up to 400m2 on one floor and a second floor of another 400m2, you can also make a segregation of the land and convert two 10,000m2 plots where you could build two independent houses of 200m2 each One, the area is very quiet and with good views, just 4 minutes from the town, 10 minutes from the beautiful city of Elche and 30 minutes from the airport and beach.
Property Features
- 0 bedrooms
- 0 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,900€
Final Payment of 90% on completion
107,100€
Property Purchase Expenses
Property price
119,000€
Transfer tax 8%
9,520€
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.