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Property marketed by Medalmar Servicios Inmobiliarios S.L.
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Spacious brand new duplex located in the quiet village of Palomares. On the ground floor there is a spacious living room, kitchen with a patio, a bathroom and a terrace. On the first floor are three bedrooms and a bathroom. And on the second floor it is the magnificent terrace. It also has parking space and storage. It is located just 5 minutes walk to all amenities (restaurants, supermarkets, pharmacies, banks ...). A few kilometers we Vera water park, golf courses, scuba school, riding school, the beaches of Vera, Villaricos and Mojacar.
Property Features
- 3 bedrooms
- 2 bathrooms
- 124m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,900€
Final Payment of 90% on completion
125,100€
Property Purchase Expenses
Property price
139,000€
Transfer tax 8%
11,120€
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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Spanish Property News & Updates by Spain Property Portal.com
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.