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Ref: D-048YA6
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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New development of a modern apartment building with a communal pool on the rooftop. The building has a total of four floors plus a penthouse, with two apartments per floor except the penthouse, which will occupy the entire floor area. The two-bedroom apartments, with built-in wardrobes and two bathrooms (one en suite), are delivered finished with a fitted kitchen, fully equipped bathrooms, interior and exterior lighting, motorized shutters, underfloor heating, aerothermal system, etc. Total areas per apartment range from 87 m² built for the apartments from the first to the fourth floor, and 138 m² for the penthouse. They are delivered with one parking space within the residential complex. Handover of the homes is scheduled for the end of 2027.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
23,900€
Final Payment of 90% on completion
242,100€
Property Purchase Expenses
Property price
269,000€
Transfer tax 8%
21,520€
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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