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Ref: TV396
Property marketed by Estate Agents Pérez-Oglietti
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2-storey warehouse in the heart of Torrox Pueblo. Plot of 29M2 with patio and construction of 24M2 (on 2 floors). It can be converted into a small house with 1 or 2 bedrooms on 2 floors + terrace, it is 100% urban land, a few meters from the main square of the town. Good investment for those who wish to start a small project in one of the most welcoming and sunny villages in Malaga.
Property Features
- 0 bedrooms
- 0 bathrooms
- 24m² Build size
- 29m² Plot size
- Private patio
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
1,490€
Final Payment of 90% on completion
40,410€
Property Purchase Expenses
Property price
44,900€
Transfer tax 10%
4,490€
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.