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Ref: M268633
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Very bright flat with 2 bedrooms and 1 bathroom in Nueva Torrevieja area. A totally exterior south facing sunny flat with parking space included in the price, open plan kitchen and a terrace with excellent panoramic views to the city of Torrevieja. The building has a wonderful swimming pool where the sun shines all day long. The price does not include taxes and management fees.
Property Features
- 2 bedrooms
- 1 bathroom
- 65m² Build size
- Swimming Pool
- Communal Pool
- Near bus route
- Number of Parking Spaces: 1
- Near Schools
- Beach: 2000 Meters
- Near Trees
- Near Commercial Center
- Location: Coastal
- Near Childrens Parks
- Elevator/Lift
- Air Conditioning: Yes
- Terrace: 4 Msq.
- Has Main Electric
- Useable Build Space: 59 Msq.
- Single Bedrooms: 1, Double Bedrooms: 1
- X
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,800€
Final Payment of 90% on completion
88,200€
Property Purchase Expenses
Property price
98,000€
Transfer tax 8%
7,840€
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.