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Ref: M269786
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Immaculately kept apartment within easy reach of all amenities. This lovely property comprises two bedrooms, 2 bathrooms, an independent kitchen with separate utility room, large lounge/dining area, two passageways and small terrace connecting the lounge and second bedroom. The community shares a large communal solarium, elevator and the communal areas are of the highest quality and meticulously maintained. Fabulous opportunity for someone looking to live permanently in a traditional Spanish village, or as a high spec holiday home. The village of Formentera Del Segura is a fantastic place to live, a Spanish village that over the past few years has evolved into a multinational village without losing its Spanish character and charm. Formentera is able to offer you amenities at hand as well as being a short drive from the water park in Rojales and a short drive from many great golf courses such as La Marquesa and La Finca. The wonderful blue flag beaches of Guardamar del Segura are only a 10 minute drive away, with Alicante airport being only 30 minutes drive and Covera only 50 minutes. Formentera also benefits from being on the local bus route.
Property Features
- 2 bedrooms
- 2 bathrooms
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,300€
Final Payment of 90% on completion
65,700€
Property Purchase Expenses
Property price
73,000€
Transfer tax 8%
5,840€
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.