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Ref: HP8982E
Property marketed by Hot Property Spain
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This modern single-storey villa is one of two villas which are already under construction, situated in Buenavista area and will be delivered at the same time in mid-May. This is the rear villa which is located the furthest from the road. The villa has a spacious open plan lounge with dining area, a modern fully equipped open kitchen, a guest toilet, 2 double bedrooms, a bathroom and the master bedroom with bathroom en suite. In addition to the large terrace with swimming pool, this villa will be delivered with a maintenance-friendly Mediterranean garden and a garage suitable for 1 car. HP8982E
Property Features
- 3 bedrooms
- 2 bathrooms
- 176m² Build size
- 922m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
58,500€
Final Payment of 90% on completion
553,500€
Property Purchase Expenses
Property price
615,000€
Transfer tax 8%
49,200€
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.