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Ref: D-000L4F
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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New promotion of new luxury homes in Torrevieja, within a residential area with fantastic common areas and a multitude of leisure options. There are different types of housing ranging from one-bedroom and one-bathroom apartments, two-bedroom and one-bathroom apartments, two bedrooms and two bathrooms, three bedrooms and two bathrooms, bungalows, semi-detached villas and independent villas spread across 19 blocks. The complex will have two adult swimming pools, two children's pools, two heated jacuzzis, two children's play areas, lakes and water fountains, and large garden areas. The homes are delivered finished with furnished kitchens and optional appliances and have parking spaces either above ground or underground depending on the model. The first phase is scheduled for delivery starting in July 2025.
Property Features
- 1 bedroom
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
22,100€
Final Payment of 90% on completion
225,900€
Property Purchase Expenses
Property price
251,000€
Transfer tax 8%
20,080€
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.













