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Ref: AG19150956
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Investment Opportunity in Torrevieja: This charming 72 m² apartment, located in a prime area of Torrevieja, is just a 5-minute walk from the natural pools and next to the popular Playa del Cura. Key Features: 2 bedrooms Independent kitchen(it is empty) Original condition, ideal for customization Glazed terrace with west orientation. This property represents a magnificent investment opportunity with great rental potential, both for long-term and vacation rentals. Don't miss this unique opportunity to acquire a home in one of the best areas of Torrevieja!
Property Features
- 2 bedrooms
- 1 bathroom
- 72m² Build size
- Near bus route
- Aircondition, Split system
- Elevator
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,500€
Final Payment of 90% on completion
85,500€
Property Purchase Expenses
Property price
95,000€
Transfer tax 8%
7,600€
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.