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Ref: ANB-22552
Property marketed by OLIVIA REAL ESTATE
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Brand new villas at El Galan urbanization (Alicante) It is a bright, sunny and furnished villa, built in 2020, that has 88 m2 of which 75.60 m2 are useful and it has 3 rooms and 3 bathrooms. It has swimming pool, garden, equipped kitchen, furnished kitchen and air conditioner and besides, it includes garage and radiating floor.
Property Features
- 3 bedrooms
- 3 bathrooms
- 88m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
31,500€
Final Payment of 90% on completion
310,500€
Property Purchase Expenses
Property price
345,000€
Transfer tax 8%
27,600€
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.