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Urban dwelling of 177 m² (registered with the land registry), with rooms, bathroom, living-dining room, and equipped kitchenThe dwelling needs renovation It is delivered as seen in the photo, except for some personal itemsAgricultural land for cultivation, on a total plot of over 11,000 m²The dwelling is currently rented with a contract specifying the tenants' mandatory departure within 60 days of receiving a depositBordering the Region of Murcia, it is located a few kilometers from the town of Orihuela, 25 km from the city of Murcia, 60 km from Alicante, 55 km from Elche Airport, and 40 km from San Javier AirportYEAR OF CONSTRUCTION: 1970Property Tax (IBI): €110 per yearNO COMMUNITY FEES
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,600€
Final Payment of 90% on completion
122,400€
Property Purchase Expenses
Property price
136,000€
Transfer tax 8%
10,880€
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.



