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Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Can you imagine living just 70 meters from the beach? Discover your new home in an unbeatable location where modern design and quality come together to offer you maximum comfort. The residential complex features one and two-bedroom apartments (1 bathroom per apartment) and a penthouse with 3 bedrooms and two bathrooms. It boasts high-end common areas: lobbies and stairs with first-quality porcelain tiles, a communal pool, and a solarium with a seating area on the rooftop of the building. The apartments offer a modern design with porcelain flooring throughout, fully equipped bathrooms with wall-mounted fixtures, furniture, shower trays with tempered glass screens, and high-end faucets. Hot water through aerothermal energy, pre-installation of ducted air conditioning, video intercom, and telecommunications via fiber optic. Thermal-acoustic glazing, motorized aluminum shutters in bedrooms (optional in other rooms). Optionally, private parking spaces in the basement. A unique setting to enjoy the sea and the comfort of an exclusive home.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
38,000€
Final Payment of 90% on completion
369,000€
Property Purchase Expenses
Property price
410,000€
Transfer tax 8%
32,800€
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.