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Ref: A714
Property marketed by David Santiago Inmobiliaria
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This semi penthouse is located in Torrox Costa. It consists of two bedrooms with fitted wardrobes, two bathrooms, kitchen, living room and a large terrace of almost 70 square meters. This terrace is equipped with a movable awning. Very bright, south facing, in an enclosed area and with communal pool. Parking space included in the price. Less than 5 minutes walk to the beach, close to all services and 7 minutes by car from the highway. With possibility of storage.
Property Features
- 2 bedrooms
- 2 bathrooms
- 93m² Build size
- Swimming Pool
- Parking : YES
- Furnished : Semi
- Swimming pool : Yes
- Sun/facing : South
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,800€
Final Payment of 90% on completion
205,200€
Property Purchase Expenses
Property price
228,000€
Transfer tax 10%
22,800€
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.