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Ref: 01-EF-1101
Property marketed by Goldhouse Inmobiliaria Real Estate SL
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Spacious apartment on the 5th floor for sale in Torrevieja with views to a square and the green, in walking distance to amenities and the Parque de las Naciones, and only 900 m to the harbour, sea and beaches. The west facing apartment comes with 1 bedroom, 1 bathroom, an open living / dining area, half open kitchen and a good sized terraced. It will be sold furnished and equipped with airco. The building has a lift, and residents van use the communal pool to cool off in hot summer days and nights. ref:01-EF-1101
Property Features
- 1 bedroom
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,750€
Final Payment of 90% on completion
114,750€
Property Purchase Expenses
Property price
127,500€
Transfer tax 8%
10,200€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.