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Ref: EMA7160N
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A quaint Spanish finca located on the outskirts of Rojales in the region of Alicante . Less than 10 minutes to the sandy beaches of Guardamar. This property is in need of upgrade but could well become a wonderful home. Complete with a large plot of land to produce your own vegetables, you could create a gem of a property. The property consists of 3 bedrooms and has ample outbuildings which were formally used as stables.
Property Features
- 3 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,000€
Final Payment of 90% on completion
198,000€
Property Purchase Expenses
Property price
220,000€
Transfer tax 8%
17,600€
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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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.