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Ref: M271104
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Urb Balcon de Lomas, just 900m from Playa de la Mata, in an area with an influx of tourism, bars, restaurants, taxi and bus stops, and with great tourist and residential potential. It has a bedroom, living room with terrace , kitchen and bathroom, partially renovated and everything ready to move in and enjoy this wonderful area and urbanization with community pool. Ideal for family vacations and high potential to make it profitable with tourist and vacation rentals. It is located on the first floor with stairs comfortable, with independence and security.
Property Features
- 1 bedroom
- 1 bathroom
- 42m² Build size
- Swimming Pool
- Communal Pool
- Near bus route
- Near Golf / Golf Resort Property
- Near Schools
- Near Trees
- Near Commercial Center
- Beach: 600 Meters
- Terrace: 3 Msq.
- Double Bedrooms: 1
- Useable Build Space: 38 Msq.
- Location: Coastal, Rural
- X
- Fully Furnished
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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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.