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Ref: A749
Property marketed by David Santiago Inmobiliaria
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Fantastic studio apartment located in Laguna Beach, Torrox Costa, completely renovated and furnished. Ready to move in!! South facing. The best area of Torrox Costa, urbanization with 5 outdoor swimming pools, 1 indoor pool, several tennis and paddle tennis courts, and many garden areas. Direct access to the promenade.
Property Features
- 0 bedrooms
- 1 bathroom
- 38m² Build size
- Swimming Pool
- Swimming pool : Yes
- Sun/facing : East
- Double glazing
- Sports area
- Wardrobe/closet
- Washing machine
- Fridge
- Microwave oven
- Closeby : Restaurants/bars.
- Closeby : Drugstore
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,000€
Final Payment of 90% on completion
171,000€
Property Purchase Expenses
Property price
190,000€
Transfer tax 10%
19,000€
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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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.