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Ref: AG19MLSC5329508
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Urban plot in Torrevieja.Plot area: 500 m².Buildable area: 900 m²Housing type: high-rise residential or single-family residential.The plot faces two streets and measures approximately 24 x 20 meters.Occupancy: 40% (200 m² per floor)Currently, the plot houses an old house of approximately 103 m² and two above-ground parking spaces.We have a trusted architect and construction company.Book your appointment now to view this property!
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,000€
Final Payment of 90% on completion
261,000€
Property Purchase Expenses
Property price
290,000€
Transfer tax 8%
23,200€
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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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.