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Land for sale in Altea, Spain - photo 1
Land for sale in Altea, Spain - photo 2
Land for sale in Altea, Spain - photo 3
Land for sale in Altea, Spain - photo 4
Land for sale in Altea, Spain - photo 5

Land for sale in Altea, Spain

ID: 279413
Price€2,625,000
TypeLand
Land area3834 m²
Qualify for Residence Permit
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Environment

Plot in Altea Hills

BIG PLOT, ALTEAS HILLS. SURROUNDED BY GREEN ZONES AND WITH FANTASTIC VIEWS OVER THE ALTEA AND ALBIR BAY. The land is divided into four plots of 958 m2 each. The Excavation of the PLOT were issued at 100%.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
  • Spain, AlteaSpain, Altea
    House €320,000
    • Covered area: 130 m²
    • 3 rooms, 1 bath
  • Spain, AlteaSpain, Altea
    Villa €525,000
    • Covered area: 600 m²
    • 8 rooms, 5 bath
  • Spain, AlteaSpain, Altea
    Villa €749,000
    • Covered area: 370 m²
    • 6 rooms, 4 bath
Jane
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