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Ref: SEU-1305
Property marketed by Sunland
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It is a new luxury residential development located frontline to the Mediterranean Sea in the stunning resort of La Manga del Mar Menor, on the Costa Cálida. The development consists of two 9-storey blocks with flats from 1 to 3 bedrooms, with terraces and sea views in all properties. In addition, you will be able to enjoy landscaped communal areas, an impressive swimming pool, gymnasium and sauna.
Property Features
- 2 bedrooms
- 2 bathrooms
- 52m² Build size
- Swimming Pool
- Sauna
- Gymnasium
- First Line to the Sea
- Underground Parking
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
44,000€
Final Payment of 90% on completion
423,000€
Property Purchase Expenses
Property price
470,000€
Transfer tax 8%
37,600€
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.