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Ref: W-04738C
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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This six-apartment building consists of three floors with two units on each. The ground floor type features front and rear terraces, the first and second floors have balconies, and the solarium floor serves as a common area where the shared-use swimming pool and barbecue area will be located. The apartments, with two bedrooms and two bathrooms, have constructed areas of approximately 50 to 70 m2. Built-in wardrobes in the bedrooms, kitchen furniture and appliances (according to quality specifications), pre-installed air conditioning, domestic hot water system using aerothermal technology, etc. Additionally, there is an option to purchase a parking space in the building's underground garage.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
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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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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