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Ref: TH1131
Property marketed by Competa Properties S.L.
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Traditional townhouse with roof terrace in Árchez, located in a quiet street close to all local amenities.
This newly renovated property comprises a living room with air conditioning unit, a fully equipped kitchen, a double bedroom,a single bedroom and a bathroom. Going up some more stairs from the kitchen there is a spacious terrace with lovely views to the village and countryside.
This newly renovated property comprises a living room with air conditioning unit, a fully equipped kitchen, a double bedroom,a single bedroom and a bathroom. Going up some more stairs from the kitchen there is a spacious terrace with lovely views to the village and countryside.
Property Features
- 2 bedrooms
- 1 bathroom
- 46m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,800€
Final Payment of 90% on completion
61,200€
Property Purchase Expenses
Property price
68,000€
Transfer tax 10%
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.