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Ref: ANB-15162
Property marketed by OLIVIA REAL ESTATE
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MODERN VILLA IN COASTAL TOWN Stunning modern villa only 5 minutes from the centre and beaches of Torrevieja. The property offers a modern and elegant design, and includes a large plot of about 500 meters with garden and parking space. It also has a solarium, dressing room, swimming pool , garden.
Property Features
- 3 bedrooms
- 2 bathrooms
- 117m² Build size
- 500m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,900€
Final Payment of 90% on completion
449,100€
Property Purchase Expenses
Property price
499,000€
Transfer tax 8%
39,920€
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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Spanish Property News & Updates by Spain Property Portal.com
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.