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Ref: MCB-37799
Property marketed by OLIVIA REAL ESTATE
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Large property in the center of Torrevieja, on Calle Rambla Juan Mateo, 74 on the second floor of the building made up of 12 homes built in 2007, the apartment has 110m2 and is made up of a large living room with terrace, separate kitchen, 3 bedrooms with Built-in wardrobes and 2 bathrooms, one of them in the main room. The exterior carpentry is made of aluminum with double glazing and the interior is made of oak-colored wood. The house is surrounded by all services and a few meters from the center of Torrevieja. South orientation.
Property Features
- 3 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,950€
Final Payment of 90% on completion
116,550€
Property Purchase Expenses
Property price
129,500€
Transfer tax 8%
10,360€
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.