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70 m² apartment with a 20 m² south-facing terrace, located in La Recoleta residential complex, just a short walk from the sea.The property includes a parking space and access to communal pools and gardens.Close to supermarkets, restaurants, transport and other services. Ideal as a main residence or holiday home.Key features:– Built area: 70 m²– 20 m² sunny terrace– South-facing– Parking space included– Communal pools and gardens– A few steps from the sea– Close to all services
Property Features
- 2 bedrooms
- 1 bathroom
- 70m² Build size
- Open plan
- Alarm system
- Secure door
- Washer
- Dishwasher
- Elevator
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,500€
Final Payment of 90% on completion
202,500€
Property Purchase Expenses
Property price
225,000€
Transfer tax 8%
18,000€
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.