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Ref: W-048S9T
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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New development of modern apartments in a private residential complex with communal areas. This new modern apartment development comprises a total of 26 units, distributed as ground-floor apartments with a porch and/or patio, first-floor apartments with a terrace, and second-floor apartments also with a terrace. There are 2- or 3-bedroom options with 2 bathrooms, one en suite, with porch and patio or terrace, terrace and solarium, with built areas ranging from 110 to 370 m2. Some homes also include space for parking within the plot. The complex includes a communal area with gardens and a shared swimming pool.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,500€
Final Payment of 90% on completion
265,500€
Property Purchase Expenses
Property price
295,000€
Transfer tax 8%
23,600€
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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