Land for sale in Torrevieja, Alicante, Spain

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Ref: AG19MLSC8685084

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Investment plot of 900 m² for sale in the prestigious Los Frutales area of Torrevieja, just 500 m from the sea. Suitable for the construction of 5 bungalows or duplex homes with a communal swimming pool. Located in a quiet and sought-after residential area — ideal for a development project for resale or rental.

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Property Features

0 bedrooms
0 bathrooms
900m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

62,000€

Final Payment of 90% on completion

585,000€

Property Purchase Expenses

Property price

650,000€

Transfer tax 8%

52,000€

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.

Mortgage Calculator

Mortgage Amount:

650,000€

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%.