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Ref: M268850
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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This South facing property is a fantastic investment opportunity. It has 2 bedrooms and 2 bathrooms, modern kitchen and modern bathrooms and is located in the central of Benidorm.It has both a communal pool and gardens. It is just a short walk from all amenities and the Poniente Beach. Stretching west from the Old Town, Poniente Beach has almost 3 kilometers of soft golden sand and warm Mediterranean water to enjoy. Only known as the old town there are varies bars, shops and restaurants on the door steps.
Property Features
- 3 bedrooms
- 2 bathrooms
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,400€
Final Payment of 90% on completion
201,600€
Property Purchase Expenses
Property price
224,000€
Transfer tax 8%
17,920€
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.