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Property marketed by Girasol Assen B54983077
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Beautiful Bungalow in Las Chismosas, Orihuela Costa, has 2 bedrooms, bathroom, kitchen, living room and closed terrace, renovated kitchen with all appliances, bathroom with shower, PVC floors, pellet stove, fans, closed terrace, with roof top solarium, furnished, could do with some modernisation which is refelected in the asking price. 10 minutes from beaches and great coves, 5 minutes CC la Zenia, next to the municipal sports center, schools, institutes, supermarkets, restaurants.... Very quiet urbanization with large green areas, plants and fruit trees.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,500€
Final Payment of 90% on completion
121,500€
Property Purchase Expenses
Property price
135,000€
Transfer tax 8%
10,800€
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.