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Ref: AG19140581
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A wonderful bungalow for sale in Torrevieja in the La Mata area.The house is only 80 meters from the beach with spectacular views.The house has three bedrooms with fitted wardrobes, two complete bathrooms, a living room, a kitchen with its own access to the terrace.The garage is NOT included in the price. It's optional. The price of the closed garage is €9,000There is also a possibility of rent with option to buy.
Property Features
- 3 bedrooms
- 2 bathrooms
- 127m² Build size
- 20m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,950€
Final Payment of 90% on completion
170,550€
Property Purchase Expenses
Property price
189,500€
Transfer tax 8%
15,160€
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.