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Ref: SCC3-48627
Property marketed by NERJA BEACH PROPERTIES
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OCCASION Beautiful plot located in the Peñoncillo in Torrox Costa 5 minutes drive from the beach and the center. It has good views of the sea and the mountains. It has perfect access with paved streets. The land is flat, which allows a construction without difficulties, has an area of 200 m2. With capacity to build a house of 300 m2 up to 3 floors plus a viewpoint. The basement that is not in the project and has an area of 93 m2 may be used after the occupation license. Help you realize your dream
Property Features
- 0 bedrooms
- 0 bathrooms
- 200m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,500€
Final Payment of 90% on completion
121,500€
Property Purchase Expenses
Property price
135,000€
Transfer tax 10%
13,500€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.