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Ref: 057241/6907
Property marketed by Canary Hogar
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We present this cozy apartment located in El Fraile, an area with all amenities close at hand and just minutes from the coast. This property is perfect for both those looking to establish their home and investors looking for a good return in one of the most dynamic areas in southern Tenerife. The home has a constructed area of 57.95 m², conveniently distributed as follows:~• 1 bedroom~• 1 full bathroom~• Functional living-dining room with plenty of natural light~• Fully equipped open kitchen~• Balcony with space to enjoy the outdoors~Don't miss the opportunity to acquire this property.
Property Features
- View Video Tour
- 1 bedroom
- 1 bathroom
- 58m² Build size
- Balcon
- telephone
- Wardrobes cupboard
- Light
- Water
- Terrace
- Furniture
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,500€
Final Payment of 90% on completion
121,500€
Property Purchase Expenses
Property price
135,000€
Transfer tax 10%
13,500€
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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Spanish Property News & Updates by Spain Property Portal.com
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.