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Property marketed by The Property Group
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Bright third-floor apartment with elevator, located in the quiet residential area of Parque de las Naciones, on Calle Torresal in Torrevieja Set in a well-maintained building from the year 2001, it features step-free access, two elevators, and a communal pool—making it ideal for year-round living or as a holiday retreat The layout includes two bright bedrooms, a full bathroom with shower, an independent fully equipped kitchen, and a comfortable living room with access to a 5 m² glazed terrace, perfect as an extra sitting area or utility space The property is equipped with air conditioning and is in excellent condition, ready to move into without the need for renovations Surrounded by services, shops, green areas, and with easy access to the town center and beaches, this home is a great opportunity in one of the most practical and well-connected neighborhoods in the city
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- Entrance Hall
- Communal Pool
- Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,990€
Final Payment of 90% on completion
107,910€
Property Purchase Expenses
Property price
119,900€
Transfer tax 8%
9,592€
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.