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Ref: AG19151097
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Torrevieja Avda de la Libertad, 1st floor apartment in front of the new port shopping centre with unobstructed views and fully renovated, ideal for living all year round or making it profitable. The house has 110 m2 with 3 bedrooms (1 of them en suite), 2 bathrooms, large independent kitchen and large living room, it has a chill out patio, the house is sold furnished and with air conditioning.
Property Features
- 3 bedrooms
- 2 bathrooms
- 110m² Build size
- Aircondition, Split system
- Elevator
- Fully Furnished
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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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.