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Orihuela Ciudad – Ground townhouse over 100 years old, located opposite the Cathedral and overlooking the river Perfect for a boutique hotel or tourist apartments It has a built area of 828 m2, a 930 m facade, and a depth of 33 m Listed and protected building Permitted heights: Ground floor + 2 floors + set-back penthouse Potential apartment layout: Ground floor: Commercial premises / parking (approx 200 m2) First floor: Two 100 m2 apartments or one 200 m2 apartment Second floor: Two 100 m2 apartments or one 200 m2 apartment Penthouse floor: Two 75 m2 apartments or one 150 m2 apartment
Property Features
- 5 bedrooms
- 4 bathrooms
- 828m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
23,000€
Final Payment of 90% on completion
234,000€
Property Purchase Expenses
Property price
260,000€
Transfer tax 8%
20,800€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.










