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For sale: charming apartment located on Calle Almudena nº 60, Torrevieja, just 400 meters from Playa del Cura and surrounded by all essential services: La Loma Health Centre, Court of First Instance nº 2, bus station, senior residence, Guardia Civil, taxi rank, and a wide variety of shops and restaurants Situated on the 4th floor of a building with lift, the property offers 55 m² distributed as follows: 2 bedrooms 1 full bathroom Independent kitchen Entrance hall Bright living-dining room Terrace with side sea views The apartment is sold fully furnished and ready to move into ???? Price: €109,000 An excellent opportunity as a permanent residence, holiday home, or investment on the Costa Blanca
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- TV and telephone connections
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,900€
Final Payment of 90% on completion
98,100€
Property Purchase Expenses
Property price
109,000€
Transfer tax 8%
8,720€
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.