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Ref: AG19151053
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Torrevieja corner apartment on the seventh floor, south facing, on Avda Gregorio Marañón in front of the marina and with wonderful sea views, 110 m2 apartment with 2 bedrooms, bathroom, toilet, large independent kitchen and spacious living room, the apartment is sold furnished, the residential has a large communal pool and tennis court.
Property Features
- 2 bedrooms
- 1 bathroom
- 97m² Build size
- Swimming Pool
- Garden
- Pool, Communal
- Elevator
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,000€
Final Payment of 90% on completion
216,000€
Property Purchase Expenses
Property price
240,000€
Transfer tax 8%
19,200€
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.