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Ref: MCB-26841
Property marketed by OLIVIA REAL ESTATE
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Ground floor bungalow in Torrevieja 50 m2 of house and a 30 m2 garden, this home offers a cozy and functional space. Its south orientation guarantees excellent natural lighting throughout the day. The living room, spacious and bright. The separate kitchen is equipped with appliances, making it easy to prepare delicious meals. Despite originally having two bedrooms, one of them has been integrated into the living room, leaving a spacious and comfortable master bedroom. In addition, the bungalow has a full bathroom.
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,490€
Final Payment of 90% on completion
76,410€
Property Purchase Expenses
Property price
84,900€
Transfer tax 8%
6,792€
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.