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Ref: PHIP-961
Property marketed by JMT Spanish Properties
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Beautiful duplex located in the town of Los Montesinos.The house has 119.20m2, divided into 4 quite spacious bedrooms, a huge living room, 1 independent kitchen with dining room and exit to the gallery and 2 full bathrooms and 1 small storage room.The floor of the whole house is parquet and is completely renovated, with superior qualities and all rooms are quite spacious.A great opportunity to acquire a beautiful home in a town between Ciudad Quesada and Torrevieja.
Property Features
- 4 bedrooms
- 2 bathrooms
- 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.