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Ref: M268757
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Spacious and bright one bedroom apartment in Torrevieja. It consists of a living room, terrace, kitchen, double bedroom with wardrobe and bathroom. The house is furnished and equipped and has an underground garage. This first floor apartment is in a gated complex with communal pool Residential. Torrevieja is a coastal city located on the Mediterranean Sea, south of the province of Alicante, in the region of La Vega Baja and belongs to the so-called " Costa Blanca.
Property Features
- 1 bedroom
- 1 bathroom
- 50m² Build size
- Swimming Pool
- Communal Pool
- Number of Parking Spaces: 1
- Location: Coastal
- Elevator/Lift
- Double Bedrooms: 1
- Terrace: 5 Msq.
- Beach: 1500 Meters
- Useable Build Space: 45 Msq.
- X
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,726€
Final Payment of 90% on completion
78,534€
Property Purchase Expenses
Property price
87,260€
Transfer tax 8%
6,981€
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.