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Property marketed by ExtremaCasa
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With delightful country views only 5 km from Valverde along a well-kept beaten track, this former smallholding has a stone house plus ruins affording approx. 300 m2 living-space, set in 10.000 m2 of top quality land, with olive trees and vegetable garden. There is a deep well affording an all-year-round water supply, and in winter a little stream runs along the far limit of the property.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,950€
Final Payment of 90% on completion
53,550€
Property Purchase Expenses
Property price
59,500€
Transfer tax 10%
5,950€
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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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.