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Fantastic investment plot of 16,121m2, (Buildable area 3,386m2) to build 9 individual luxury Villas in La Mairena! Current project created to build 9 individual homes with plots from 1,500 m2 to 2,118 m2. Example villa project shown for representation purposes. Located in the Elviria hills yet still only a few minutes to reach, Santa Maria Golf, the Commercial Centre at Elviria, and beachside where there are fine restaurants and beach clubs (Nikki Beach). The road access is also good as the German College is located in the same area and there is also easy mountain road access to reach La Cala Golf in just a few minutes drive!
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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.