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Ref: Great Value Apartment in Good Location close to the center of San Miguel with Bar Restaurants in the same street - 2 Bedrooms 1 Bathroom - Fitted Kitchen - 2nd Floor with Lift - €129,995 euros + tax & legal fees * 72m2 Apartment with Balcony* 2 Bedrooms* House Bathroom* Open Plan Living Room* Fitted Kitchen* Lift* Good Location* Short Walk to all Amenities* 20 Minutes to the Beach* 45 minutes to Alicante Airport
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,000€
Final Payment of 90% on completion
116,996€
Property Purchase Expenses
Property price
129,995€
Transfer tax 8%
10,400€
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.


















