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Ref: 056851/6907
Property marketed by Canary Hogar
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Apartment with sea views for sale in Palm Mar, residential complex La Arenita.~~The apartment has 59 m2 built and consists of 1 bedroom, a large living room with direct access to the terrace with ocean views, 1 bathroom with a bathtub.~~It also has a storage room.~~The apartment is located in a well-kept complex with a communal rooftop pool with beautiful sea views.~~Palm Mar is an area with several luxury restaurants, supermarkets and a pebble beach.~~About 10 minutes drive from the tourist center of Los Cristianos and the white sand beach of Las Vistas.
Property Features
- 1 bedroom
- 1 bathroom
- 59m² Build size
- Swimming Pool
- telephone
- Wardrobes cupboard
- Light
- Water
- Vistas al mar
- Terrace
- Elevator
- Community Pool
- Air-Conditioning
- Furniture
- Appliances
- Storeroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
23,700€
Final Payment of 90% on completion
240,300€
Property Purchase Expenses
Property price
267,000€
Transfer tax 10%
26,700€
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.