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Ref: JVR4308E
Property marketed by Just Murcia Property
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This West Facing, Ground Floor, Two Bedroom, Apartment in Torrevieja, is located ten minutes walk to the beach and a ten—fifteen minute walk to the centre. Torrevieja having so much on offer, including marina, promenade, beaches, shopping and so much more. This particular building is well maintained with an attractive main entrance area. The apartment offers lounge/dining room with air con unit and a covered terrace area; separate fitted kitchen with door leading out to a patio area/utility area; two double bedrooms with built-in wardrobes, family bathroom. There is internal access in the building leading up to the communal solarium, plus the access to a communal pool area, a rarity so close to the beach. An absolutely ideal lock up and leave holiday home which would also offer a fantastic rental income. Properties in this location when they do come on the market, do not “hang around” for long.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
- Walking distance to beach
- Courtyard
- Terrace
- Communal Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,900€
Final Payment of 90% on completion
80,100€
Property Purchase Expenses
Property price
89,000€
Transfer tax 8%
7,120€
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.