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Ref: JL6997
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4 bedroom apartment in Elda . 4 bedroom apartment in Elda, Alicante, with 2 bathrooms, a large lounge-dining room with a fireplace/chimney, a balcony, kitchen and utility room. It has two air conditioning machines and is sold furnished. 4th floor with a lift. Great location, close to all amenities, shops, restaurants, bars, schools, etc. 20-25 minutes drive from the airport and beaches.
Property Features
- 4 bedrooms
- 2 bathrooms
- 90m² Build size
- Rent to Buy
- Fast Internet & Phone
- Mains Electric
- Mains Water
- Air Conditioning
- Walking Distance - Restaurant / Bar
- Fireplace - Log Burner
- Lift
- Utility Room
- Terrace
- Furnished
- Mains Sewerage
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,496€
Property Purchase Expenses
Property price
84,995€
Transfer tax 8%
6,800€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.