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2-bedroom ground floor bungalow with a private 35 m² solarium, located in the La Florida area of Orihuela Costa, Alicante province, Spain Address: Calle Osa Menor, 87 The bungalow is situated in front of a large subtropical park and is part of a condominium with a communal pool Nearby are the famous Polish restaurant Waldemar and the Irish pub "Abbey Tavern," known for its live music concerts year-round The bungalow has 70 m² total and 64 m² of living space It consists of a living room with an open kitchen, two separate bedrooms with built-in wardrobes, and a full bathroom A spiral staircase from the living room leads to a private 35 m² solarium Sold unfurnished, but with a fully equipped kitchen
Property Features
- 2 bedrooms
- 1 bathroom
- 70m² Build size
- Communal Pool
- Double Bedrooms: 2
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,000€
Final Payment of 90% on completion
126,000€
Property Purchase Expenses
Property price
140,000€
Transfer tax 8%
11,200€
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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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.