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Ref: JBRIDB002
Property marketed by JMT Spanish Properties
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Private fenced 2 Bed bungalow in Torreta, Torrevieja with huge outside space , lots of potential .
Property has 2 beds, lounge/diner, 2 beds , fitted kitchen and family bathroom, also has air-con. The complex is next to amenities and has very friendly community. There are no communal fees , keeping costs down. Plenty parking. Excellent bus service covers this area. Book to view this property and a selection of others that we can also show to match your budget and criteria. Book with JMT Spanish Properties.
Property has 2 beds, lounge/diner, 2 beds , fitted kitchen and family bathroom, also has air-con. The complex is next to amenities and has very friendly community. There are no communal fees , keeping costs down. Plenty parking. Excellent bus service covers this area. Book to view this property and a selection of others that we can also show to match your budget and criteria. Book with JMT Spanish Properties.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,900€
Final Payment of 90% on completion
71,100€
Property Purchase Expenses
Property price
79,000€
Transfer tax 8%
6,320€
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.