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A very attractive two bedroom stone built house with large open-plan living room, kitchen and bathroom set in 65,000 sq m (about 16 acres) of land with easy access and panoramic views over unspoilt countryside towards the neighbouring villages of Eljas and Valverde del Fresno (within walking/cycling distance), and Portugal. Mains electricity (to be connected) and mains water plus 2 wells. Ruins of a former animal enclosure and round, stone threshing floor. Could be immediately occupied as is, but to do any radical reforms, it would have to be declared as a business, such as B&B, riding stables, agricultural exploitation, etc.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,950€
Final Payment of 90% on completion
116,550€
Property Purchase Expenses
Property price
129,500€
Transfer tax 10%
12,950€
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.