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Ref: DH-P1974
Property marketed by Dreamhomes Spain
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The house is built on a plot of 800 m² and consists of a ground floor with terrace, living room, dining room, separate kitchen, 1 bedroom, 1 bathroom and guest toilet.Upstairs with 3 bedrooms and 2 bathroom and a large terrace.Downstairs with large garage over the entire surface of the villa.Unique location in an environment with high land value.The building needs renovation and repairs.
Property Features
- 3 bedrooms
- 3 bathrooms
- 220m² Build size
- 800m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
72,000€
Final Payment of 90% on completion
675,000€
Property Purchase Expenses
Property price
750,000€
Transfer tax 8%
60,000€
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.