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Ref: D-0468DP
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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New construction of new tourist apartments in Mil Palmeras next to Riomar beach. A step away from Mil Palmeras beach and Rocamar beach. It is a new residential area with a total of 24 tourist apartments, furnished, with appliances, A/C, garage, and storage included in the price. They will be ready by April 2027. All apartments feature two bedrooms and one bathroom, a private terrace, from ground floors and intermediate floors, and two penthouses. They are delivered with fully equipped kitchens with furniture and appliances, air conditioning system throughout the house, hot water system by aerothermal, furniture according to packages, a garage space, and a storage room per dwelling. In the common areas, there is a garden area with a communal pool, a jacuzzi, a barbecue area and social lounge, a laundry area, etc. The garage spaces also have pre-installation of charging points for electric cars, all about 200 m on foot from Riomar beach next to Mil Palmeras.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
33,500€
Final Payment of 90% on completion
328,500€
Property Purchase Expenses
Property price
365,000€
Transfer tax 8%
29,200€
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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