Villa for sale in Santa Margalida, Mallorca, Spain

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Ref: EFML8372D

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Buildable Land for Sale Santa Margalida Mallorca. A group of ten rustic plots with a total area of 56,396m2 which can be subdivided into two or three areas for the application for licences to construct two or three properties or may remain as one large property depending on the buyers wish. Permitted construction in this area of Mallorca varies between 2% and 3% of the total square meters of the land, these plots have the option for the construction of a property at the upper limit permitted in Mallorca. The central area of the plots has an elevated position with distant views of the bay of Alcudia. Situated on a small rural road which has little traffic this is an ideal location for the development of a very large private house or the investment in two to three rural projects for resale. Please contact us for more information.Santa Margalida Mallorca. Santa Margalida is a small town situated at the heart of a low flat valley which runs to the bay of Alcudia. The wetlands behind the coast are one of the most important feeding grounds for migratory birds in the Western Mediterranean.

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Property Features

0 bedrooms
0 bathrooms
Close to all Amenities
close to restaurants
Close to Shops
countryside
countryside views
Good Road Access
Interior of Mallorca
Property Location
Property Views
Quiet Location
Sea / Coastal Views

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

64,500€

Final Payment of 90% on completion

607,500€

Property Purchase Expenses

Property price

675,000€

Transfer tax 10%

67,500€

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:

675,000€

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.

Spanish Property News & Updates by Spain Property Portal.com

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%.