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New development in Balcón de Finestrat (Alicante).being built by Taylor Wimpey Homes
Breeze comprises 2 and 3-bed apartments, and 3-bed townhouses.
A quiet well-connected residential area, close to Benidorm, amenities, beaches and a golf course. Communal swimming pool and gardens. Energy certification: A.
• apartments from 242.000€ + VAT
• townhouses from 367.000€ + VAT
Breeze comprises 2 and 3-bed apartments, and 3-bed townhouses.
A quiet well-connected residential area, close to Benidorm, amenities, beaches and a golf course. Communal swimming pool and gardens. Energy certification: A.
• apartments from 242.000€ + VAT
• townhouses from 367.000€ + VAT
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,200€
Final Payment of 90% on completion
217,800€
Property Purchase Expenses
Property price
242,000€
Transfer tax 8%
19,360€
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.