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Ref: MI-68068
Property marketed by Vivacosta
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New-build villa project located on an elevated plot in Benissa with panoramic views of the Mediterranean Sea and the Peñón de Ifach. The design adapts to the natural terrain and includes traditional dry stone walls. The property is situated just a short drive from the coastline and local amenities. Features include open-plan living areas, south-facing orientation, modern materials, and high-quality finishes. Sustainable construction focused on preserving the original stepped topography.
Property Features
- 4 bedrooms
- 4 bathrooms
- 320m² Build size
- 1,628m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
299,500€
Final Payment of 90% on completion
2,722,500€
Property Purchase Expenses
Property price
3,025,000€
Transfer tax 8%
242,000€
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.