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Ref: HSI-244817
Property marketed by HOUSE IN SPAIN INVEST
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This ground floor bungalow is located in a quiet residential area in Torrevieja.
The property consists of a living room with dining area, 3 bedrooms, a fully equipped and independent kitchen with a patio, 1 complete bathroom with a shower and a terrace - porch.
Thanks to its location in a residential area with a communal pool and all kinds of services nearby, it is an ideal property to enjoy vacation periods or to live all year round.
Property Features
- 3 bedrooms
- 1 bathroom
- 63m² Build size
- Communal garden
- Communal parking area
- Communal swimming pool
- Furnished
- Garden
- Independent kitchen
- Terrace
- West facing
- White goods
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,990€
Final Payment of 90% on completion
80,910€
Property Purchase Expenses
Property price
89,900€
Transfer tax 8%
7,192€
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.