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Ref: HP8988E
Property marketed by Hot Property Spain
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This very large plot is located between Moraira and Benissa. An application is currently pending at the municipality for the permission to start a camping / glamping. If a future buyer would like to buy the plot including the permit and the construction of water, electricity and ground works for the construction thereof, the asking price will increase. One can of course also choose to use the land for other purposes and to demolish the existing old house on the plot and build a new house on it. HP8988E
Property Features
- 0 bedrooms
- 0 bathrooms
- 25,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
35,500€
Final Payment of 90% on completion
346,500€
Property Purchase Expenses
Property price
385,000€
Transfer tax 8%
30,800€
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.