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Ref: MC1-CAL-SPVJ12SOT Substantial Villa for Sale (200m2) in Beautiful Location with Under Build (150m2) on 5,000m2 Plot with Lovely Country Views and just 500m from Town Center - Covered & Open Terraces - Spacious Living Room - Large Fully Fitted Kitchen - 2 Bathrooms - 3 Double Bedrooms (master with ensuite and walk in wardrobes) - Central heating - Air-conditioning - Electric Entry Gates - Productive Olive Trees - €450,000 Euros
Property Features
- 3 bedrooms
- 2 bathrooms
- 350m² Build size
- 5,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
42,000€
Final Payment of 90% on completion
405,000€
Property Purchase Expenses
Property price
450,000€
Transfer tax 8%
36,000€
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.