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Ref: GLM8812F
Property marketed by Just Murcia Property
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Top floor apartment with storage room underneath the apartment entrance to the property. Access is through a terrace with stairs towards the apartment entrance. The apartment has a living room with open kitchen. There are 2 good sized bedrooms, and a bathroom with a tub. The apartment is to be sold fully furnished. Walking distance to the shopping centre ‘Las Velas’, and other amenities such as supermarket, doctor’s office, banks, schools, restaurants and others. At 3 min drive / 15 min walk from the beaches of Mar Menor.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,750€
Final Payment of 90% on completion
87,750€
Property Purchase Expenses
Property price
97,500€
Transfer tax 8%
7,800€
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.