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Ref: JAD-48695
Property marketed by OLIVIA REAL ESTATE
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Modern penthouse in El Bañet, Almoradi, within walking distance of all amenities, shops, bars and restaurants.There is a total area of 164 m2, consisting of two bedrooms, two bathrooms, separate kitchen with utility room and patio and a spacious living room with access to the large terrace.Located on the fifth floor and the only house. There is also a garage and storage space included.Only a 15 minute drive to the beautiful sandy beaches of Guardamar.
Property Features
- 3 bedrooms
- 2 bathrooms
- 164m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,000€
Final Payment of 90% on completion
117,000€
Property Purchase Expenses
Property price
130,000€
Transfer tax 8%
10,400€
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.