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Ref: MM10712
Property marketed by MGP - Golf & Coastal Properties
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A first floor apartment with a 31 sq'm West facing terrace overlooking the swimming pool area at the popular Mar Menor Golf Resort. The apartment has an open-plan living room with sliding doors leading to the 31 sq'm terrace, a fitted kitchen with appliances included, master bedroom with en-suite bathroom, a second double bedrooms, shower room and a parking space in the secure underground car park. Offered for sale furnished and ready to use, with vented A/C throughout. Call MGP to arrange a viewing.
Property Features
- 2 bedrooms
- 2 bathrooms
- 86m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,300€
Final Payment of 90% on completion
137,700€
Property Purchase Expenses
Property price
153,000€
Transfer tax 8%
12,240€
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.