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Ref: TV482
Property marketed by Estate Agents Pérez-Oglietti

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Spacious apartment in the heart of Malaga City. 58M2 built, 45M2 useful, consists of entrance, 1 bedroom, 1 bathroom with shower, kitchen and bright living room with balcony. Located on the second floor without a lift, in one of the most popular streets of Malaga, Calle Beatas, in a small building surrounded by all kinds of services, restaurants, shops, museums, etc. A good investment to enjoy the city of Malaga, stroll through its streets and admire its extraordinary museums and monuments and on top of that about 5 minutes from the beach, the promenade and the port. Excellent investment as a Tourist Rental.
Property Features
- 1 bedroom
- 1 bathroom
- 58m² Build size
- Furnished : Semi
- Views : City/town
- Washing machine
- Built-in kitchen
- Fridge
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
- Closeby : Shopping ctr.
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,500€
Final Payment of 90% on completion
220,500€
Property Purchase Expenses
Property price
245,000€
Transfer tax 10%
24,500€
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.