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Pilar de la Horadada Top-Floor Bungalow in Residencial Lamar Resort Bright, south-facing 70 m² bungalow located in a modern, gated community The home features 2 bedrooms, 2 full bathrooms, an open-plan kitchen, a living-dining room, a terrace, and a large private sun terrace ideal for enjoying the sun year-round The complex offers 2 large communal pools, a children's area, and a parking space included Sold fully furnished and equipped with air conditioning Perfect both as a holiday home and for year-round living
Property Features
- 2 bedrooms
- 2 bathrooms
- 70m² Build size
- A/C
- Pool-Communal
- Parking
- Solarium
- Terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,500€
Final Payment of 90% on completion
202,500€
Property Purchase Expenses
Property price
225,000€
Transfer tax 8%
18,000€
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.