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Ref: DMC3883D
Property marketed by Dream Home In The Sun
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Ground Floor Apartment, Playa Honda, Costa Calida.1 Bedroom, 1 Bathroom, Built 74 m², Terrace 20 m².Setting : Town, Close To Shops, Close To Sea, Close To Schools, Urbanisation.Condition : Excellent.Pool : Communal.Views : Street.Furniture : Fully Furnished.Kitchen : Fully Fitted.Parking : Underground, Garage, Private.Category : Holiday Homes, Investment.
Property Features
- 1 bedroom
- 1 bathroom
- Views - Street
- Setting - Urbanisation
- Setting - Town
- Setting - Close To Shops
- Setting - Close To Sea
- Setting - Close To Schools
- Pool - Communal
- Parking - Underground
- Parking - Private
- Parking - Garage
- Kitchen - Fully Fitted
- Furniture - Fully Furnished
- Condition - Excellent
- Category - Investment
- Category - Holiday Homes
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,500€
Property Purchase Expenses
Property price
85,000€
Transfer tax 8%
6,800€
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.