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1st Floor with lift
East Facing
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This is a guide to the complete and full costs of buying a €145,000 resale property in Alicante, Spain.
WITHOUT mortgage:Purchase price €145,000 + Property Transfer Tax (ITP 10%) €14,500 + Notary fees approximately €600–€1,000 + Land Registry fees approximately €400–€800 + Lawyer / conveyancing fees approximately €1,500–€3,000 + Optional administration / gestoría / NIE costs approximately €250–€500 = total estimated purchase cost approximately €162,250–€164,800.
WITH mortgage:Purchase price €145,000 + Property Transfer Tax (ITP 10%) €14,500 + Notary fees (purchase) approximately €600–€1,000 + Land Registry fees (purchase) approximately €400–€800 + Lawyer / conveyancing fees approximately €1,500–€3,000 + Optional administration / gestoría / NIE costs approximately €250–€500 + Mortgage valuation fee approximately €300–€500 + Mortgage notary & registry fees approximately €500–€1,000 + Bank arrangement / opening fee approximately €0–€1,500 = total estimated purchase cost approximately €163,550–€167,800.
Estimated cash required at completion with mortgage:
Non-resident (70% LTV loan): approximate cash required €58,050–€63,340
Resident (80% LTV loan): approximate cash required €50,250–€55,060
Disclaimer: This is for guide purposes only and does not constitute the final offer, which is dependent on an individual buyer’s situation, and does not include any discounts or enhancements given.
Property Features
- 1 bedroom
- 0 bathrooms
Costing Breakdown
* 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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Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
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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.