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Ref: AG19MLSC9143022
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Modern studio apartment with designer renovation in Torrevieja. The apartment with an area of 35 m2 is sold with furniture and household appliances, and has its own terrace.Walking distance to the central beach and promenade;600 m to hospitals, schools, restaurants;Good transport connectionsThe apartment has undergone a major renovation.Underfloor heating in all rooms;Bathrooms equipped with everything necessary;Air conditioning;Electronic locks and video surveillance;Lift with street access.Online reservation is possible, as well as purchase on credit from a bank at 4-6% per annum.
Property Features
- 0 bedrooms
- 1 bathroom
- 35m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,600€
Final Payment of 90% on completion
131,400€
Property Purchase Expenses
Property price
146,000€
Transfer tax 8%
11,680€
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.














