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Just minutes from the beautiful beaches of Punta Prima and Orihuela Costa, the highway, and amenities such as shopping centers, supermarkets, Torrevieja Hospital, a health center, bars, and restaurantsRenovated apartment in excellent condition, ready to move into, with 69 m² built, on the 2nd floor, a spacious, bright living-dining room with access to the balcony with unobstructed views, 2 double bedrooms, 1 full bathroom with shower, and a separate, equipped French-style kitchen open to the living room, with access to the glassed-in gallery Built-in wardrobes, air conditioning in the bedrooms Private solariumKITCHEN: High-quality built-in appliances and a refrigerator/freezer with water filter Soft-close cabinets in the kitchen and bathroom Walk-in showerBetter than new Super-maintained, porcelain stoneware flooring, barely lived inDevelopment with 2 communal poolsSold unfurnished2nd floor apartment in a building without an elevatorBuilt in 2004Southwest facingProperty tax: €225 per yearOwner's community fee: €263 per year
Property Features
- 2 bedrooms
- 1 bathroom
- Communal Pool
- Laundry Room
- Patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,800€
Final Payment of 90% on completion
142,200€
Property Purchase Expenses
Property price
158,000€
Transfer tax 8%
12,640€
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.