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Ref: R4148251
Property marketed by Property Directors Costa del Sol, S.L.
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This development is located in one of the best areas of Torremolinos, in a quiet and well-established environment, and with all the services you need without having to use the car: public schools and institutes, the sports facilities of the Municipal Sports Center, the Municipal Auditorium, the recreational area of Los Manantiales and several major supermarket chains. In addition, you have one of the best beaches of the Costa del Sol just 5 minutes away by car; Malaga Airport, 10 minutes away and Malaga city, with its dynamic cultural, gastronomic and leisure offerings just a quarter of an hour away. And if you don't feel like driving, you have at your disposal several bus lines and the suburban train station just 15 minutes away on foot. New Development: Prices from 325,000 € to 570,000 €. [Beds: 1 - 4] [Baths: 1 - 2] [Built size: 83.00 m2 - 170.00 m2]
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,500€
Final Payment of 90% on completion
292,500€
Property Purchase Expenses
Property price
325,000€
Transfer tax 10%
32,500€
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.