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Ref: MM9721
Property marketed by MGP - Golf & Coastal Properties
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MGP are delighted to offer for sale this second floor North-West facing apartment with views across the golf course at the popular Mar Menor Golf Resort. Offered for sale furnished, with kitchen appliances, vented air-conditioning throughout and a secure underground parking space. This apartment is ideal for holidays, rentals or permanent living. Comprising two double bedrooms, two bathrooms, an open-plan living room, North-West facing terrace, fitted kitchen and parking space. Call MGP to arrange a viewing.
Property Features
- 2 bedrooms
- 2 bathrooms
- 84m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
135,000€
Property Purchase Expenses
Property price
150,000€
Transfer tax 8%
12,000€
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.