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Ref: W-046FPR
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Exclusive 116-square-meter home, just a 10-minute walk from the center of Torrevieja and 20 minutes from Acequión Beach, featuring two spacious bedrooms, a full bathroom, a large living room with direct access to a bright 8-square-meter glazed terrace, south-facing to ensure sunlight all day, an independent kitchen, and a practical gallery offering ample storage space, clothesline, etc. A property that combines comfort, style, and quality of life in a privileged location, perfect as both a permanent residence and a high-value investment.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,000€
Final Payment of 90% on completion
162,000€
Property Purchase Expenses
Property price
180,000€
Transfer tax 8%
14,400€
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.