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Ref: HP97406K
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Opportunity! Exceptional, south facing penthouse apartment, situated in the Moraira town centre, with views over the town. Accommodation consists of: two bedrooms; bathroom; separate kitchen; open-plan dining and living room; utility room. In addition: wonderful 90m2 terrace; hot and cold air conditioning; double glazing; large underground parking space, which is accessed by a car lift, and from there directly by a regular lift up to the apartment; storage. The building was constructed in 2007 and has only been used by the owners two weeks per year, during the summer period, so it is in immaculate condition. Sold fully furnished. HP97406K
Property Features
- 2 bedrooms
- 1 bathroom
- 82m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
48,000€
Final Payment of 90% on completion
459,000€
Property Purchase Expenses
Property price
510,000€
Transfer tax 8%
40,800€
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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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.