Apartment for sale in Elviria, Málaga, Spain

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Ref: EFML8039U

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This sprawling plot, with an impressive area of no less than 15,700 square metres, offers a unique opportunity for large-scale property development. The site is ideally located in the sought-after and greenery-rich La Mairena neighbourhood, surrounded by natural beauty and a peaceful ambience. On this site, there is potential for the construction of eight exclusive luxury villas and six characterful townhouses that blend perfectly with the charming surroundings. This location offers investors and developers an excellent opportunity to capitalise on the growing demand for premium homes in the much-loved Elviria area. Do not wait any longer and seize this exceptional opportunity to be part of one of the most promising real estate projects in this region.

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Property Features

0 bedrooms
0 bathrooms
Close to Golf
Close to schools
Close to Sea
Close to Shops
Country
east
Investment
Luxury
Mountain
Mountain Village
North
North West
Panoramic
Sea view
South West
West

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

232,500€

Final Payment of 90% on completion

2,119,500€

Property Purchase Expenses

Property price

2,355,000€

Transfer tax 10%

235,500€

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:

2,355,000€

Deposit:

€

Interest Rate:

Period:

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%.