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Ref: V104
Property marketed by David Santiago Inmobiliaria
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Villa with pool located in Lagos, very close to the beach. 120m2 built on a plot of 715 m2, double closed garage, storage room, warehouse. Large living room with fireplace, fitted and equipped kitchen, laundry room, 4 large bedrooms, 2 bathrooms, private pool. South facing. Sea views.
Property Features
- 4 bedrooms
- 2 bathrooms
- 120m² Build size
- 715m² Plot size
- Swimming Pool
- Parking : Garage(2car)
- Swimming pool : Yes
- Sun/facing : South
- Views : Beach/sea
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
40,000€
Final Payment of 90% on completion
387,000€
Property Purchase Expenses
Property price
430,000€
Transfer tax 10%
43,000€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.