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Ref: HP95721
Property marketed by Hot Property Spain
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Project for a modern house with a lounge/dining area, American-style kitchen, 2 bedrooms and 2 bathrooms. The house will be built on a 725m2 plot offering SUPERB MOUNTAIN VIEWS. Located close to the golf course and around 10 km from the beach in Denia. The swimming pool will be quoted separately. HP95721
Property Features
- 2 bedrooms
- 2 bathrooms
- 92m² Build size
- 725m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
44,500€
Final Payment of 90% on completion
427,500€
Property Purchase Expenses
Property price
475,000€
Transfer tax 8%
38,000€
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.