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Ref: AG19146356
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Apartment of 45 meters with renovation.The apartment is rented until September.Guaranteed profitability.Independent kitchen.Wardrobe.Living room.Separate bedroom.Garage in own basement, not shared.Expense:Consumption: 75€ (water included).Ibi 350€. Apartment plus garage space (space in the basement).Garbage 105€ per year
Property Features
- 1 bedroom
- 1 bathroom
- 50m² Build size
- Garden
- Aircondition, Split system
- Heating, Central
- Parking, Garage
- Elevator
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,000€
Final Payment of 90% on completion
126,000€
Property Purchase Expenses
Property price
140,000€
Transfer tax 8%
11,200€
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.