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Ref: JSC4899
Property marketed by JMT Spanish Properties
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Beautiful country house of 235 m2, with 3 bedrooms and three bathrooms, with a large living room, kitchen with laundry room, central heating, air conditioning, terrace, the house is built with very good quality, 11,000m2 plot with lemon trees in production, swimming pool, barbecue, nice garden, storage room and garage for two cars, the area is quiet and with good views, just 5 minutes from the city, 30 minutes from the beach and 40 from the airport, the annual tax on the house is À850.
Property Features
- 3 bedrooms
- 3 bathrooms
- Swimming Pool
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 8%
34,400€
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.