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El Paraíso Medio – New Golden Mile, EsteponaTo reform or rebuildAn excellent opportunity to acquire an older villa with fantastic potential for renovation or a complete rebuild, located in the highly sought-after area of El Paraíso MedioThe property enjoys a south-facing orientation, offering all-day sunshine and a bright atmosphere Set on a generous 2,500 m² plot, it provides ample space for creating a modern luxury home with beautiful gardens and a private poolIdeally situated within walking distance to shops, restaurants, and amenities, and only a short drive to the beach, golf courses, and the towns of Estepona and MarbellaA perfect investment or redevelopment opportunity in one of the most desirable residential areas of the Costa del Sol
Property Features
- 5 bedrooms
- 2 bathrooms
- 220m² Build size
- 2,465m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
112,000€
Final Payment of 90% on completion
1,035,000€
Property Purchase Expenses
Property price
1,150,000€
Transfer tax 10%
115,000€
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.
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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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.







