5 bedroom Land for sale in Torrox, Málaga, Spain

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Ref: SCC3-60092

Property marketed by David Santiago Inmobiliaria

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Plot for sale in El Peñoncillo (Torrox Costa) with spectacular views. The plot has an area of 400m2, has a construction volume of 50%. Possibility to make a single-family house or two townhouses. It has an execution project, building permit and license fees paid. Part of the earthworks has been executed.

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Property Features

5 bedrooms
5 bathrooms
300m² Build size
400m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

20,000€

Final Payment of 90% on completion

207,000€

Property Purchase Expenses

Property price

230,000€

Transfer tax 10%

23,000€

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.

Mortgage Calculator

Mortgage Amount:

230,000€

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.

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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%.