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Ref: PHIP-988
Property marketed by JMT Spanish Properties
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This two bedroom, two bathroom mid-terraced townhouse in Doña Pepa, Ciudad Quesada is in excellent condition and is pretty much key ready.Over two floors, the downstairs comprises living/ dining area, small bathroom and a separate kitchen with access to the rear of the property. Upstairs are two good sized bedrooms and the family sized bathroom. The communal pool is enormous and is approximately a 10 second walk from the back door of the property. This property is in a great area, very close to the centre of Ciudad Quesada and all of the amenities.It would make a great fulltime home or holiday home and is very rentable indeed. View it to find out more.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
108,000€
Property Purchase Expenses
Property price
120,000€
Transfer tax 8%
9,600€
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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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.