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Ref: 909-3246
Property marketed by First Choice Almeria
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New building construction in the center of Garrucha, availability 1 and 2 bedrooms with 1 or 2 bathrooms. From €85,000. Top quality materials. A few minutes walk from the promenade, beach and shops. Garrucha is a very charming fishing town famous for its seafood. Ideal holiday apartment or for the whole year. Great potential for short or long term rental. It is worth arranging a visit.
Property Features
- 1 bedroom
- 1 bathroom
- 85m² Build size
- Nuevo
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,500€
Property Purchase Expenses
Property price
85,000€
Transfer tax 8%
6,800€
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.