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Ref: MCB-34286
Property marketed by OLIVIA REAL ESTATE
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GROUND FLOOR HOUSING WITH INDEPENDENT ENTRANCE JUST 150 METERS FROM LOS LOCOS BEACH IN TORREVIEJA. HOUSE FURNISHED WITH APPLIANCES IN PERFECT CONDITION TO ENTER TO LIVE. TWO BEDROOMS, LIVING ROOM, BATHROOM, PATIO AND TERRACE. 62M2
Property Features
- 2 bedrooms
- 1 bathroom
- 68m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,900€
Final Payment of 90% on completion
80,100€
Property Purchase Expenses
Property price
89,000€
Transfer tax 8%
7,120€
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.