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Ref: AG19145089
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Spacious apartment in Torrevieja Acequión area. It has a surface area of 83 m2, a 3 m2 terrace, 2 double bedrooms, a bathroom, property in good condition, equipped kitchen, west facing. 20m from the beach and the port. Extras: access for the disabled, air conditioning, fitted wardrobes, elevator, balcony, hot and cold pump, furniture, terrace, buses, downtown, coast, parks, supermarkets, urbanization, unobstructed views.
Property Features
- 0 bedrooms
- 0 bathrooms
- 89m² Build size
- Veranda
- Washer
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,250€
Final Payment of 90% on completion
101,250€
Property Purchase Expenses
Property price
112,500€
Transfer tax 8%
9,000€
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.