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Ref: M271588
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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It is a home located in a private urbanization with a communal pool, 200 meters from the beach and a 5-minute walk to the center of town.It has 2 bedrooms and 1 bathroom.American kitchen58 square metersTerraceNorth orientation3rd floor with elevatorFreshly painted, sold as it appears in the photosCommunity: €380 per year IBI: €165
Property Features
- 2 bedrooms
- 1 bathroom
- 58m² Build size
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,200€
Final Payment of 90% on completion
127,800€
Property Purchase Expenses
Property price
142,000€
Transfer tax 8%
11,360€
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.