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Ref: MLSC8433148
Property marketed by The Property Group
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1000 m² plot40% occupancyWith access to electricity, water, drainage, sidewalks, and street lightingPreliminary plans for a 240 m² house183 m² basementTotal 423 m² of construction4 bedrooms4 bathrooms1 toiletSeparate kitchenSpacious living roomPantry2 terracesViews of the salt flats and the sea150 m from Mercadona supermarket500 m from Torrevieja Hospital
Property Features
- 0 bedrooms
- 0 bathrooms
- 1,012m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,000€
Final Payment of 90% on completion
162,000€
Property Purchase Expenses
Property price
180,000€
Transfer tax 8%
14,400€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.











