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Ref: CSPK-65897
Property marketed by Complete Spanish Property

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BANK REPOSSESSION: Situated in the San Luis urbanisation (Torrevieja), this is a well presented 3 bedroom 1 bathroom corner apartment situtuated on the 1st floor (no lift access).A South facing apartment in a gated complex with off road parking and communal swimming pool. Close to bars, restaurants and public transport. The apartment is in general in good condition and sold furnished. It has a small open plan kitchen, lounge that leads through to a good size South facing "closed" terrace with open outlook to the street, 3 bedrooms including a spacious master bedroom, plus one bathroom.Communal fees of approx 120€ every 3 months for use of the communal swimming pool and parking areas. For more information or to organise a viewing please contact us.
Property Features
- 3 bedrooms
- 1 bathroom
- 80m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,000€
Final Payment of 90% on completion
89,999€
Property Purchase Expenses
Property price
99,999€
Transfer tax 8%
8,000€
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.