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Property marketed by In Sun Properties Spain S.L

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NEW BUILD RESIDENTIAL IN TORREVIEJA New Build apartments and penthouses with 2 and 3 beedrooms located in one of the most important streets of Torrevieja and only 200 metres from Los Locos Beach. Beautiful properties are the perfect option for year-round holiday living. Close to bars, restaurants, leisure areas, shops, supermarkets, close to the promenade, where you can enjoy the most beautiful sunrises... Kitchen furniture included and marble bench or similar with 3 sockets and LED lights. Fully fitted bathrooms with furniture, mirror with LED lights, fixed glass partition and artistic porcelain tiles. Built-in wardrobes lined with drawer units and LED sensor lights. Aluminium or PVC joinery and windows with thermal break for acoustic insulation. Communal swimming pool and solarium An options underground parking space and storage room at an extra cost. Torrevieja is a Spanish town in the province of Alicante, on the Costa Blanca. It is known for its typically Mediterranean climate and coastline. It has boardwalks with resorts along its sandy beaches. The small Museum of the Sea and Salt houses exhibitions on the fishing and salt history of the city. In the interior, the Lagunas de La Mata-Torrevieja Natural Park has trails and two salty lagoons, one pink and the other green. Alicante airport located 40 minutes away and Murcia airport about 1 hour away.
Property Features
- 3 bedrooms
- 2 bathrooms
- 83m² Build size
- Panoramic views
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,990€
Final Payment of 90% on completion
269,910€
Property Purchase Expenses
Property price
299,900€
Transfer tax 8%
23,992€
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.