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I am pleased to exclusively present the new development Edificio Panorama Beach, located at Calle Heraclio No. 26 in Torrevieja, just a few meters from the new shopping center and the seafront promenade.. . We offer 8 properties (2 per floor):. . 4 two-bedroom apartments starting from €245,000. . Studios starting from €155,000. . Ground Floor. . Studio: €155,000. . Two-bedroom apartment: €245,000. . First Floor. . SOLD. . Second Floor. . Studio: €175,000. . Two-bedroom apartment: €265,000. . Penthouse. . Studio: €230,000. . Two-bedroom apartment: €310,000. . The properties include:. . Air conditioning. . Aerothermal system. . Fully fitted kitchen with upper and lower cabinets, drawers, LED lighting under the upper units, Silestone or Compac worktop (or similar), oven and extractor hood.. . Construction start: September 2025. Estimated completion: 1 year. . New build apartments just a short distance from the seafront promenade in Torrevieja
Property Features
- 2 bedrooms
- 1 bathroom
- Appliances
- A/A
- Terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,500€
Final Payment of 90% on completion
139,500€
Property Purchase Expenses
Property price
155,000€
Transfer tax 8%
12,400€
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.