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Property marketed by ExtremaCasa
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A delightfully positioned one bedroome finca, set in two hectares of land (about 5 acres), and within a 10 minute walk of the market town of San Vicente de Alcántara and all its local amenities. The land is gently sloping and has olive, cork oaks, orange and lemon trees, and is currently used for grazing sheep. *price reduced by 20,000 EUROS *
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,995€
Final Payment of 90% on completion
80,955€
Property Purchase Expenses
Property price
89,950€
Transfer tax 10%
8,995€
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.