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Ref: NBP-V00904
Property marketed by NERJA BEACH PROPERTIES
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House in a pedestrian street with a great influx of tourism, next to all kinds of shops and services very close to the famous Balcón de Europa, which makes it a great location. Its prime location ensures high rental potential or could be used for bars or restaurants , making it a lucrative investmentThe interior layout includes four spacious , bright bedrooms It also has a private patio and terrace
Property Features
- 4 bedrooms
- 1 bathroom
- 171m² Build size
- Furnished : Semi
- Views : Yes
- Built-in kitchen
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
- Closeby : Shopping ctr.
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
92,000€
Final Payment of 90% on completion
855,000€
Property Purchase Expenses
Property price
950,000€
Transfer tax 10%
95,000€
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.