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Ref: W-048X9E
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Apartment built in 2001, located on the first floor of a six-storey building in the Villa Madrid area of Torrevieja. It has 58.3 m² distributed into two bedrooms, one bathroom, a living room and a spacious terrace ideal for enjoying the climate. The property is in good condition and ready to move into. Located in an area with all services within walking distance: shops, restaurants and public transport. Just 750 metres from Acequión Beach, making it a very attractive option both as a permanent residence and as a second home or investment.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,500€
Final Payment of 90% on completion
121,500€
Property Purchase Expenses
Property price
135,000€
Transfer tax 8%
10,800€
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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