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Ref: W-046EV0
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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This is a new residential development of bungalow-type apartments, on the ground floor with a garden and terrace, or an upper floor with a terrace and solarium. The apartments consist of two bedrooms (a third optional) and two bathrooms, one of them en-suite. The ground floors will enjoy gardens of approx. 60 m2 and terrace, and the upper floors will have a solarium with sea views of 68 m2. The homes are delivered with fitted wardrobes in bedrooms, kitchen furniture and appliances (only in three-bedroom homes), pre-installation of air conditioning, bathroom furniture and shower screen, surface parking space, etc., all within a residential area with landscaped spaces, a community pool for adults and children, and a spa area.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
20,990€
Final Payment of 90% on completion
215,910€
Property Purchase Expenses
Property price
239,900€
Transfer tax 8%
19,192€
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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