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Ref: M269519
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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PROPERTY FOR AUCTION!! STARTING PRICE 120.000€!!!Fantastic duplex apartment in a quiet area of Estepona. I deal for investors, as the property has tenants. On the first level we can find a fully fitted kitchen, a large living room, an en-suite bedroom with a bathtub and a lovely patio area, where you can enjoy Bbqs. On the upper floor there is a second bedroom and a fully fitted bathroom with a shower.
Property Features
- 2 bedrooms
- 2 bathrooms
- 95m² Build size
- Condition - Good
- Garden - Private
- Orientation - South
- Setting - Close To Town
- Category - Investment
- Category - Resale
- Kitchen - Fully Fitted
- Parking - Street
- Views - Street
- Setting - Urbanisation
- X
- Not Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
108,000€
Property Purchase Expenses
Property price
120,000€
Transfer tax 10%
12,000€
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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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.