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Ref: AG19MLSC6960081
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We present a new residential concept on the Costa Blanca. This Torrevieja residential building offers 11 high-quality homes just 190 meters from Acequión Beach, one of the best beaches in Torrevieja and the Costa Blanca. It is located in a very quiet neighborhood, just steps from the sea and local parks, and very well connected to all the infrastructure of this rapidly growing coastal city. The 11 homes include studios, one-bedroom apartments, and two-bedroom apartments, with one and two bathrooms respectively. They are ideal not only for vacation rentals but also for year-round living. Each home is delivered fully finished, ready to move into, even including a storage room on the ground floor of the building.
Property Features
- 1 bedroom
- 1 bathroom
- 62m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,500€
Final Payment of 90% on completion
157,500€
Property Purchase Expenses
Property price
175,000€
Transfer tax 8%
14,000€
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.