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Ref: 10699
Property marketed by Inmo Investments
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Newly renovated apartment in the center of Torrevieja. The previously one-bedroom apartment, currently after the renovation, another room has been made, which can be used as a bedroom or an office, etc. It is sold furnished, brand new furniture, equipped kitchen open to the living room, air conditioning. With an area of 60m2, it has 1 bathroom. Located in the center of Torrevieja, with all services around and the beach 250m away.
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- Walking Distance to Amenities
- Rental Potential
- Walking Distance to Beach
- Under 1km to beaches
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,700€
Final Payment of 90% on completion
132,300€
Property Purchase Expenses
Property price
147,000€
Transfer tax 8%
11,760€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.