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Ref: ANB-19325
Property marketed by OLIVIA REAL ESTATE
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NEW BUILD APARTMENTS NEAR THE BEACH IN TORREVIEJA New Build apartments with one of the best locations you can find, located 50 meters from Los Locos beach. Residential has 22 apartments, 2 and 3 bedrooms and 2 bathrooms, open plan living with spacious layout, large glass windows, kitchen equipped with top brand appliances and fitted wardrobes, fully eqiuped bathrooms with underfloor heating. New Build residential complex with modern design and high quality finishes has a beautiful communal swimming pool and green areas for recreation. Torreviejas Playa de Los Locos has pleasant promenade with a variety of bars, restaurants and chiringuitos where you can savour authentic Spanish paellas. Torrevieja is a Spanish town in the province of Alicante, on the Costa Blanca. It is known for its typically Mediterranean climate and coastline. It has boardwalks with resorts along its sandy beaches. The small Museum of the Sea and Salt houses exhibitions on the fishing and salt history of the city. In the interior, the Lagunas de La Mata-Torrevieja Natural Park has trails and two salty lagoons, one pink and the other green. Alicante airport located 40 minutes away and Murcia airport about 1 hour away.
Property Features
- 2 bedrooms
- 1 bathroom
- 151m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
39,595€
Final Payment of 90% on completion
383,355€
Property Purchase Expenses
Property price
425,950€
Transfer tax 8%
34,076€
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.