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Opportunity in Torrevieja – Move-in Ready Apartment with Investment Potential Discover this charming and well-maintained apartment located in a strategic area of Torrevieja, just 700 meters from Acequión Beach and very close to the city center Ideal for both homebuyers seeking hassle-free living and investors looking for immediate rental incomeKey features: 2 bedrooms 1 full bathroom Spacious and bright living-dining room Fully equipped kitchen Private balcony to enjoy the Mediterranean climate Communal swimming pool Whether as a permanent residence, holiday home, or rental investment, this property offers excellent value on the coast Don't miss out on this opportunity!
Property Features
- 2 bedrooms
- 1 bathroom
- 59m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,000€
Final Payment of 90% on completion
117,000€
Property Purchase Expenses
Property price
130,000€
Transfer tax 8%
10,400€
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.