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Ref: AG19150605
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Single-family house in the centre of Torrevieja
Property information
The property in the centre of Torrevieja has a lot of potential to be a nice family home. It needs some renovation work, but the façade is in good condition. Because of the good location, all the amenities you need are nearby, but there are also leisure activities for young and old.
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Single-family house in the centre of Torrevieja
Property information
The property in the centre of Torrevieja has a lot of potential to be a nice family home. It needs some renovation work, but the façade is in good condition. Because of the good location, all the amenities you need are nearby, but there are also leisure activities for young and old.
VIDEO
.
Property Features
- 5 bedrooms
- 3 bathrooms
- 50m² Build size
- 73m² Plot size
- Aircondition, Split system
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,500€
Final Payment of 90% on completion
157,500€
Property Purchase Expenses
Property price
175,000€
Transfer tax 8%
14,000€
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.