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Ref: YPIS2742
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New project of 11 modern style villas with a contemporary design divided into 2 levels, situated in Sotogrande.
The extensive private areas include garden and swimming pool with saline system, average depth of 1.20 m, with outdoor shower and
Finished with mosaic white tiles.
The villas offer standard 3 bedrooms, 3 bathrooms, (optional a 4 bedroom ), large living open plan areas with a modern style kitchen, leading directly into the gardens with pools.
Built sizes 176m2, with private gardens from 842 - 967m2.
SPECS include aero-thermal system for hot & cold air-conditioning, climalit windows, fitted kitchen with ceramic hob, oven, extractor, fridge-freezer, washing machine, built-in wardrobes in bedrooms, porcelain stoneware floors, etc.
Private parking for 1 car.
Payment terms:
Step 1: Reservation €30,000. Step 2: Buy the plot. Step 3: Sign turnkey contract and pay 30,000€ + VAT which, amongst others, include the project of the villa. Step 4: When the building license is issued, construction starts with payment of 20% + VAT / Step 5: Monthly payment & finance. It is possible to apply for a developers mortgage, subject to approval. Construction period is approx. 12 months.
TAXES paid by the buyer are: VAT on the plot is 21%, VAT on the building costs is 10%.
The extensive private areas include garden and swimming pool with saline system, average depth of 1.20 m, with outdoor shower and
Finished with mosaic white tiles.
The villas offer standard 3 bedrooms, 3 bathrooms, (optional a 4 bedroom ), large living open plan areas with a modern style kitchen, leading directly into the gardens with pools.
Built sizes 176m2, with private gardens from 842 - 967m2.
SPECS include aero-thermal system for hot & cold air-conditioning, climalit windows, fitted kitchen with ceramic hob, oven, extractor, fridge-freezer, washing machine, built-in wardrobes in bedrooms, porcelain stoneware floors, etc.
Private parking for 1 car.
Payment terms:
Step 1: Reservation €30,000. Step 2: Buy the plot. Step 3: Sign turnkey contract and pay 30,000€ + VAT which, amongst others, include the project of the villa. Step 4: When the building license is issued, construction starts with payment of 20% + VAT / Step 5: Monthly payment & finance. It is possible to apply for a developers mortgage, subject to approval. Construction period is approx. 12 months.
TAXES paid by the buyer are: VAT on the plot is 21%, VAT on the building costs is 10%.
Property Features
- 3 bedrooms
- 2 bathrooms
- 176m² Build size
- 842m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
76,000€
Final Payment of 90% on completion
711,000€
Property Purchase Expenses
Property price
790,000€
Transfer tax 10%
79,000€
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%.
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.