Land for sale in Torre del Mar, Málaga, Spain

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Ref: SD1F-58162

Property marketed by David Santiago Inmobiliaria

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Urban plot for sale in one of the most sought-after areas of the Costa del Sol, ideal for exclusive residential development. Location: Torre del Mar (Vélez-Málaga), Malaga Classification: Consolidated Urban Land Plot graphic area: 7,084 m2 Permitted buildable area (buildable ceiling): 4,830 m2 Total roof area: 7,177 m2 Planned project: Up to 46 single-family homes This plot offers an excellent projection for promoters and developers looking to invest in an area with high residential demand, good weather all year round and proximity to beaches, services and communications. A few minutes from the center of Torre del Mar, with easy access to highways, schools, supermarkets and green areas. Outstanding advantages: High potential profitability in a growing area. Clear and defined urban fit. Ideal for high-quality homes and modern design. For more technical information or to arrange a visit, do not hesitate to contact us.

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Property Features

0 bedrooms
0 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

624,900€

Final Payment of 90% on completion

5,651,100€

Property Purchase Expenses

Property price

6,279,000€

Transfer tax 10%

627,900€

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.

Mortgage Calculator

Mortgage Amount:

6,279,000€

Deposit:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.