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The owners’ original plan was to convert the property into separate apartments; this can still be done but it would also make a great boutique hotel with public rooms and around 14 bedrooms depending on the architect’s design. The building's character and proximity to the Plaza Mayor would ensure this could be a very profitable business investment and there is the possibility of obtaining grants to help with the cost of conversion. This property is clearly not for most of our buyers but if this project could be of interest to you please contact us and we will send you more photos and floor plans (which we are currently awaiting from the owners).
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Spanska fastighetsnyheter och uppdateringar av 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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.