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Ref: 11045
Property marketed by Inmo Investments
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This bungalow is located in one of the best areas of La Mata, close to the finest beaches and restaurants. Ideal for vacations, it has been completely renovated with great attention to detail. The interior spans approximately 60 m² and includes a living room, open kitchen, 2 bedrooms, and 1 bathroom. Outside, there is a 40 m² terrace with artificial grass and an outdoor shower for use after beach trips, as well as a large storage room.The property is sold furnished, with air conditioning and a TV.
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,900€
Final Payment of 90% on completion
152,100€
Property Purchase Expenses
Property price
169,000€
Transfer tax 8%
13,520€
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.