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Ref: SIH-32866
Property marketed by Sunland
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Torrevieja – Cozy Apartment with Communal Pool, Garage, and Storage Room. We present this bright fourth-floor apartment, located in a central area of Torrevieja, ideal both as a permanent residence and as an investment. The property has 57 m² built, distributed in 2 bedrooms, 1 full bathroom, a living-dining room, and a fully equipped open-plan kitchen. It is sold furnished and with air conditioning installed, ready to move into. The building has a communal rooftop pool, as well as a large communal terrace with stunning panoramic views of the city. A parking space and a storage room are included in the price, an additional amenity highly valued in this area. An excellent opportunity just minutes from the center and all services.
Property Features
- 2 bedrooms
- 1 bathroom
- 57m² Build size
- Swimming Pool
- Parking
- Elevator
- Storeroom
- Community Pool
- Furniture
- Appliances
- Air-Conditioning
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,900€
Final Payment of 90% on completion
116,100€
Property Purchase Expenses
Property price
129,000€
Transfer tax 8%
10,320€
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.