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Renovated penthouse just 250 metres from the beach in Torrevieja.This cozy, fully renovated penthouse is located just 250 m from the sea and close to all amenities. Situated on the fifth floor of a building with a lift, it’s sold furnished and ready to move into. A perfect option for a holiday home or as a low-maintenance investment.Main features1 bedroom and 1 bathroom1 officeOpen-plan kitchen connected to the living areaBuilt area: 42 m²Private terraceCommunal solariumCommunity poolNorth-facingFurnished and equippedLift in the buildingYear of construction: 1989Annual costsIBI: €200Community fees: €360
Property Features
- 1 bedroom
- 1 bathroom
- Swimming Pool
- Beach distance: 250
- Terrace
- Pool type: Communal
- Key Ready
- Furnished
- Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
135,000€
Property Purchase Expenses
Property price
150,000€
Transfer tax 8%
12,000€
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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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.