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Property marketed by The Property Group
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For sale apartment in Mil Palmeras, walking distance to the best beaches in the areaThe apartment consists of 1 bedroom, kitchen/lounge and bathroomTerrace accessible from the lounge and the bedroom All glazed in creating a lovely dining area and offering a glimpse of the MediterraneanThe apartment is located on the 3rd floor in Playa 5 (elevator available)Also within walking distance is the Mil Palmeras restaurant/bar street and the local supermarket
Property Features
- 1 bedroom
- 1 bathroom
- Entrance Hall
- Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,000€
Final Payment of 90% on completion
81,000€
Property Purchase Expenses
Property price
90,000€
Transfer tax 8%
7,200€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.