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Ref: AG19145429
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Apartment directly on the seafront in Torrevieja. The apartment, which is on the 5th floor, is 130 m2 and consists of 4 bedrooms, 2 bathrooms, a separate kitchen and a large living room with sliding doors to a large terrace with a fantastic view of the promenade, the beach and the sea. The apartment is in a good condition and is sold furnished.
Property Features
- 4 bedrooms
- 2 bathrooms
- 130m² Build size
- Fitted wardrobes
- Veranda
- Elevator
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
52,000€
Final Payment of 90% on completion
495,000€
Property Purchase Expenses
Property price
550,000€
Transfer tax 8%
44,000€
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.