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Ref: ORE1453
Property marketed by OLIVIA REAL ESTATE
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A lovely 2 bed, 2 bath apartment located in centre of Los Montesinos in a popular building. The apartment has been fully refurbished, has 2 air-condition units and is sold fully-furnished.
This property is a great investment for a permanent residence or holiday home!
This property is a great investment for a permanent residence or holiday home!
Property Features
- 2 bedrooms
- 2 bathrooms
- 55m² Build size
- Furnished Fully
- Investment/Rental Potential
- Quiet Area
- Bathroom en suite
- Aircondition, Split system
- Near amenities
- Roof Garden
- Kitchen appliances
- Elevator
- Entrance gate
- Views of City
- Below market value
- Guest WC
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,500€
Property Purchase Expenses
Property price
85,000€
Transfer tax 8%
6,800€
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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Spanish Property News & Updates by Spain Property Portal.com
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.