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New Build Villas – Torre del Rico3 Villas Available | Completion in 3 MonthsThree new build villas located in Torre del Rico, all nearing completion and expected to be finished within 3 months. Each villa is set on a large private plot and built to a modern standard.Villa sizes:Villa 1: 200 sqm with a 40 sqm garageVilla 2: 180 sqm with a 40 sqm garageVilla 3: 180 sqm with a 40 sqm garagePlot sizes:Villa 1: 11,000 sqmVilla 2: 16,000 sqmVilla 3: 8,000 sqmAll three villas include:Mains waterMains electricityAir conditioningElectric blinds8 x 4 swimming poolPrivate garageA rare opportunity to purchase a new build villa on a large plot in Torre del Rico, with modern features and completion scheduled shortly.
Property Features
- 3 bedrooms
- 3 bathrooms
- Swimming Pool
- Pool: Private
- Fast Internet & Phone
- Mains Electric
- Cess Pit / Septic Tank
- Electric gates
- Double glazing
- Garage
- fenced plot
- Terrace
- Air conditioning
- Mains Water
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
35,500€
Final Payment of 90% on completion
346,500€
Property Purchase Expenses
Property price
385,000€
Transfer tax 8%
30,800€
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.



