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Property marketed by Larrondo Servicios Inmobiliarios
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PEÑISCOLA (LOS OLIVOS) Design villa of 160 m2, and garden of 500 m2. Formed with 2 semi-detached houses that are sold together with a total area of about 160 m2 and composed of 4 bedrooms, 2 complete bathrooms, 2 living-dining rooms, 2 kitchens and a garage. There is a 500m2 private garden. Small cosmetic repairs are necessary. The houses are on the ground floor without steps. There is conditioned air.
Property Features
- 4 bedrooms
- 2 bathrooms
- 500m² Build size
- air conditioning
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
20,000€
Final Payment of 90% on completion
207,000€
Property Purchase Expenses
Property price
230,000€
Transfer tax 10%
23,000€
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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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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