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Ref: M269947
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Modern and spacious 1st floor apartment built in 2020 in Nueva Torrevieja, only 1.5km from the beach and Torrevieja centre. The apartment has a spacious and bright living room and dining area, as well as a well-equipped and modern kitchen. The large glass doors to the balcony let in plenty of natural light. The apartment has two bedrooms and two bathrooms, one of which is en-suite with the master bedroom. Both bedrooms have built-in wardrobes. There is a large communal pool area which is open all year. There is also a parking place included in the apartment, behind an electric gate.
Community fee €52/month
Property tax €288/year
Community fee €52/month
Property tax €288/year
Property Features
- 2 bedrooms
- 2 bathrooms
- 74m² Build size
- Swimming Pool
- Lift
- air conditioning
- Balcony
- Communal Swimming Pool
- Home appliances
- X
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,900€
Final Payment of 90% on completion
161,100€
Property Purchase Expenses
Property price
179,000€
Transfer tax 8%
14,320€
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.