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Ref: 11192
Property marketed by Inmo Investments
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Renovated first floor apartment in Torrevieja for sale. The property offers a living space of 110m2 that offers 3 bedrooms, 2 bathrooms (one En-suite), a large independent kitchen with an open living and dining area as well as a chill out patio. Property is sold furnished including air conditioning. Located in front of the new port shopping centre with unobstructed views.
Property Features
- 3 bedrooms
- 2 bathrooms
- 110m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
33,600€
Final Payment of 90% on completion
329,400€
Property Purchase Expenses
Property price
366,000€
Transfer tax 8%
29,280€
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.