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Apt. Zante (1336 and 1338) – Residencial Grecia II, Las Fincas, AlgorfaDiscover these modern, newly built apartments in the exclusive Residencial Grecia II, located in the quiet Las Fincas neighborhood of Algorfa. Designed with style and functionality, they are ideal as a permanent home, second home, or investment.With a constructed area of 73.15 m², each apartment includes:2 spacious bedrooms2 full bathrooms with underfloor heatingPrivate garden and 54.75 m² terracePrivate 74 m² solarium with views and great potentialMotorized blinds and elevatorAccess to a communal poolParking + storage option for an additional €6,000Price + VATA space designed to enjoy the climate, tranquility, and all modern amenities.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
28,500€
Final Payment of 90% on completion
283,500€
Property Purchase Expenses
Property price
315,000€
Transfer tax 8%
25,200€
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.