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Ref: AG19MLSC4115338
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For sale bungalow with two bedrooms in Torrevieja, Chaparral areaThe property is fully furnished and has all the necessary appliances.The bungalow has an area of 60m2, is located on the ground floor, and has two bedrooms, one bathroom, a living room, kitchen, and utility room. There is a parking space for a car near the house, and a solarium on the roof.There is a communal pool in the urbanization. Distance to the sea - 5.5 km.Online reservation is possible, as well as purchasing on credit from a bank at 4-6% per annum.
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- 100m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,600€
Final Payment of 90% on completion
149,400€
Property Purchase Expenses
Property price
166,000€
Transfer tax 8%
13,280€
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.























