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Property information
This beautiful low-rise bungalow consists of 3 bedrooms, 1 bathroom, separate kitchen with gallery, living room with fireplace and access to the large terrace or front garden of 18m2. It is located 200m from Los Locos beach in Torrevieja.
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Property information
This beautiful low-rise bungalow consists of 3 bedrooms, 1 bathroom, separate kitchen with gallery, living room with fireplace and access to the large terrace or front garden of 18m2. It is located 200m from Los Locos beach in Torrevieja.
VIDEO
Property Features
- 3 bedrooms
- 1 bathroom
- 80m² Build size
- Aircondition, Split system
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
13,490€
Final Payment of 90% on completion
148,410€
Property Purchase Expenses
Property price
164,900€
Transfer tax 8%
13,192€
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.