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Ref: MLSC6513476
Property marketed by The Property Group
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Modern detached villa in sought after area of Los Balcones, close to TorreviejaThe villa comprises of 3 large bedrooms, 2 bathrooms in the main houseIt has an open plan kitchen/ living area, underfloor heating, ducted air-condition, garage, private pool, storage and laundry areaThis property also has a separate studio apartment with complete bath and kitchenIn this quiet area you can enjoy the peacefulness but have everything you need within a few minute's drive
Property Features
- 4 bedrooms
- 3 bathrooms
- 105m² Build size
- 280m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
39,490€
Final Payment of 90% on completion
382,410€
Property Purchase Expenses
Property price
424,900€
Transfer tax 8%
33,992€
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.