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Ref: AG19MLSC7682075
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I am pleased to exclusively present the new development Edificio Panorama Beach, located at Calle Heraclio No. 26 in Torrevieja, just a few meters from the new shopping center and the seafront promenade.We offer 8 properties (2 per floor):4 two-bedroom apartments starting from €245,000Studios starting from €155,000Ground FloorStudio: €155,000Two-bedroom apartment: €245,000First FloorSOLDSecond FloorStudio: €175,000Two-bedroom apartment: €265,000PenthouseStudio: €230,000Two-bedroom apartment: €310,000The properties include:Air conditioningAerothermal systemFully fitted kitchen with upper and lower cabinets, drawers, LED lighting under the upper units, Silestone or Compac worktop (or similar), oven and extractor hood.Construction start: October 2025Estimated completion: 1 yearNew build apartments just a short distance from the seafront promenade in Torrevieja
Property Features
- 1 bedroom
- 1 bathroom
- 65m² Build size
- Veranda
- Kitchen appliances
- Aircondition, Split system
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,500€
Final Payment of 90% on completion
139,500€
Property Purchase Expenses
Property price
155,000€
Transfer tax 8%
12,400€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.



