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Ref: HSI-260302
Property marketed by HOUSE IN SPAIN INVEST
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Modern apartment for sale near the parque de las Naciones in Torrevieja.
The apartment lies on the 2nd floor of a building with an elevator. The apartment has 2 bedrooms, 1 bathroom, an integrated fitted modern kitchen and a living room with access to an east facing terrace. Sold furnished. A/C.
The apartment lies close to all shops, several restaurants and bars, bus stop, pharmacy, banks etc… The beach and promenade are within walking distance (1km).
Property Features
- 2 bedrooms
- 1 bathroom
- 67m² Build size
- Airconditioning (hot & cold)
- Close to the beach
- East facing
- Energy rating certificit
- Furnished
- Lift
- Terrace
- White goods
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,326€
Final Payment of 90% on completion
101,934€
Property Purchase Expenses
Property price
113,260€
Transfer tax 8%
9,061€
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.