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Ref: AG19140321
Property marketed by Spain Property Shop S.L
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Very spacious property located in the center of Torrevieja. The property has 5 bedrooms, 2 bathrooms, a living room with a fireplace and access to a balcony with urban views, a large independent kitchen with an Andalusian-style patio, storage room. It is a good opportunity as an investment or for year-round living. All bedrooms have fitted wardrobes.
Property Features
- 5 bedrooms
- 2 bathrooms
- 250m² Build size
- Veranda
- Near bus route
- Aircondition, Split system
- Elevator
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
28,500€
Final Payment of 90% on completion
283,500€
Property Purchase Expenses
Property price
315,000€
Transfer tax 8%
25,200€
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.