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Luxury Villa in Orihuela Costa - Montezenia Area, Built Area 111m2, Plot Area 74m2, Terrace Area 38m2, 3 Bedrooms, 2 Bathrooms, Distance to the sea 2 Km., Swimming Pool, Urbanization~~Feel free to contact us for more detailed information.~We will be happy to answer any questions you may have.~
Property Features
- 3 bedrooms
- 2 bathrooms
- 111m² Build size
- 74m² Plot size
- Swimming Pool
- Storeroom
- Solarium
- Wardrobes cupboard
- Armored Door
- water
- Light
- T. V.
- washing room
- Terrace
- Residencial
- Pool Own
- Air-Conditioning
- garden
- Furniture
- Appliances
- Porch
- All Foreign
- Elevator
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
32,000€
Final Payment of 90% on completion
315,000€
Property Purchase Expenses
Property price
350,000€
Transfer tax 8%
28,000€
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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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.