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Ref: M268799
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Ground Floor Apartment, Mijas Costa, Costa del Sol.1 Bedroom, 1 Bathroom, Built 70 m², Garden/Plot 250 m².Possibility of turistic licenceSetting : Close To Sea, Urbanisation.Condition : Excellent.Pool : Communal.Features : Fitted Wardrobes, Near Transport, Private Terrace, Double Glazing.Kitchen : Fully Fitted.Garden : Private.Category : Investment, Reduced.
Property Features
- 1 bedroom
- 1 bathroom
- 70m² Build size
- 250m² Plot size
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
18,300€
Final Payment of 90% on completion
191,700€
Property Purchase Expenses
Property price
213,000€
Transfer tax 10%
21,300€
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.