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Ref: PHIP-415
Property marketed by JMT Spanish Properties
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We are pleased to present this nice ground floor apartment located in Torrevieja, with in only 500 metres from Playa del Cura. It has all kind of international serviced around the property such as bars, restaurants, scandinavian supermarket and much more.The property itself is divided into 2 bedrooms 1 bathrooms, kitchen and living room. it also benefits of two nice garden areas.Both Alicante and Murcia airports are within 45 minutes drive Approx 40 km.Great opportunity to own a ready to move in apartment near the coast !Viewing is highly recommended.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,995€
Final Payment of 90% on completion
80,955€
Property Purchase Expenses
Property price
89,950€
Transfer tax 8%
7,196€
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.