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Ref: EFML9400W
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Terraced village house of 201 m² in the town of Parcent, province of Alicante. Located a few meters from the Town Hall of the town. The area is equipped with varied equipment, schools, health centre, sports centre, supermarkets, restaurants, etc. The house was built in 1900. It has an area of 201 m² developed on 2 floors and built on a plot of 97 m². It consists of large living room with fireplace, kitchen, 5 bedrooms, 3 bathrooms.
Property Features
- 5 bedrooms
- 3 bathrooms
- 200m² Build size
- 97m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,100€
Final Payment of 90% on completion
117,900€
Property Purchase Expenses
Property price
131,000€
Transfer tax 8%
10,480€
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.