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Ref: W-0306SD
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Are you someone who values privacy at home, looking for a top-floor apartment in a four-story building, with parking in the same building and a communal pool? This is your home, an apartment with 2 bedrooms, 1 bathroom, open kitchen, a living-dining room, and an indoor terrace overlooking the pool. It is located 5-10 minutes from all amenities of the city center, just 10 minutes from the boulevard and 15 minutes from the beach. From the fantastic rooftop terrace, you can enjoy views of the sea and mountains. Additionally, the apartment has a tourist license that can be transferred to the new owner in the short term. Enjoy a great apartment for living, vacation use, or a good return on investment.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,500€
Final Payment of 90% on completion
112,500€
Property Purchase Expenses
Property price
125,000€
Transfer tax 8%
10,000€
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.