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Ref: D-048E1R
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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The project consists of two modern buildings separated by a landscaped common area. In total, 56 elegant apartments with 1, 2, or 3 bedrooms are being developed, each with a private terrace. Each apartment is designed with comfort, aesthetics, and energy efficiency in mind, equipped with the latest materials and insulation and design technologies. The common area on the ground floor forms the social heart of the development: a pleasant meeting point for residents, surrounded by green gardens, seating areas, bicycle parking, and a children's playground. On the rooftop, residents can enjoy an exclusive leisure area of 350 m² with a 70 m² pool featuring a children's splash zone, pergolas, umbrellas, and sun loungers: everything necessary to relax under the Spanish sun while enjoying panoramic views. This area is easily accessible via one of the three elevators and is equipped with the necessary sanitary facilities. This residential complex combines modern architecture, comfort, and a prime location: a unique opportunity to live or invest in one of the most sought-after areas of the Costa Blanca.
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,500€
Final Payment of 90% on completion
103,500€
Property Purchase Expenses
Property price
115,000€
Transfer tax 8%
9,200€
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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