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Ref: PHIP-436
Property marketed by JMT Spanish Properties
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Large duplex style penthouse overlooking the communal area in Playa Flamenca. The apartment comprises 2 large bedrooms, 2 bathrooms (master bedroom with en-suite), living/dining room, kitchen, utility room, a small storage room and a large south facing terrace on the ground level; the top floor offers 1 large bedroom and a private solarium with outside shower, conservatory/extra room and fantastic views of the communal area and Mediterranean Sea. The property includes furniture, white goods and underground parking space. Part of a gated complex with large green areas, swimming pool, children's playground, tennis court, football pitch and lake. Located within walking distance to amenities such as bars, restaurants, shops, schools and Zenia Boulevard commercial centre. The beaches of Orihuela Costa are at only a 5 minute drive.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,500€
Final Payment of 90% on completion
175,500€
Property Purchase Expenses
Property price
195,000€
Transfer tax 8%
15,600€
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.