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Ref: 729206
Property marketed by Lavanda Real Estate SL
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ASSIGNMENT OF AUCTION RIGHTS – Only for cash buyers willing to complete the court procedure.
Exclusive duplex penthouse in La Resina Golf, perfect for those looking for a property with high appreciation potential.
The property features:
4 spacious bedrooms
2 bathrooms
3 terraces with stunning panoramic sea views
Well maintained condition
Prime location:
Just 10 minutes from Puerto Banús
7 minutes from Estepona
Only 2.1 km to the beach by bike
A charming, bright, and spacious property in an unbeatable location. Ideal as a second home, an investment, or a family residence.
???? Explanation of the Process – How Does It Work?
1-Judicial auction: When a property is auctioned by court and receives no bids, the creditor (usually a bank) may request adjudication of the property.
2-Assignment of auction rights: Before the adjudication is finalized and registered under the creditor's name, they can transfer the rights to a third party. This is formalized through an appearance before the Court Clerk, with the assignee present to accept and make the required payment.
3-Payment and documentation: The assignee must pay the agreed price and submit the necessary documentation to complete the transfer. Afterwards, the court issues an adjudication decree in favor of the assignee, who can then register the property at the Land Registry.
Exclusive duplex penthouse in La Resina Golf, perfect for those looking for a property with high appreciation potential.
The property features:
4 spacious bedrooms
2 bathrooms
3 terraces with stunning panoramic sea views
Well maintained condition
Prime location:
Just 10 minutes from Puerto Banús
7 minutes from Estepona
Only 2.1 km to the beach by bike
A charming, bright, and spacious property in an unbeatable location. Ideal as a second home, an investment, or a family residence.
???? Explanation of the Process – How Does It Work?
1-Judicial auction: When a property is auctioned by court and receives no bids, the creditor (usually a bank) may request adjudication of the property.
2-Assignment of auction rights: Before the adjudication is finalized and registered under the creditor's name, they can transfer the rights to a third party. This is formalized through an appearance before the Court Clerk, with the assignee present to accept and make the required payment.
3-Payment and documentation: The assignee must pay the agreed price and submit the necessary documentation to complete the transfer. Afterwards, the court issues an adjudication decree in favor of the assignee, who can then register the property at the Land Registry.
Property Features
- 4 bedrooms
- 2 bathrooms
- 151m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
44,350€
Final Payment of 90% on completion
426,150€
Property Purchase Expenses
Property price
473,500€
Transfer tax 10%
47,350€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.