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Ref: CGP JLM3575
Property marketed by J.L.MORALES REAL ESTATE
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Centrally located apartment on the third floor in Torrevieja.There is a living area of 82 m2, consisting of 3 bedrooms, 2 bathrooms, separate kitchen with patio and a spacious living room with access to the terrace (south orientation).Close to all services in the area, schools, bus stops, health center, parks, walking areas playground.Distance to the beach 700m
Property Features
- 3 bedrooms
- 2 bathrooms
- 82m² Build size
- Close to services
- Air Conditioning
- Built in wardrobes
- Utility room
- Lift
- Semi Furnished
- Balcony
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,900€
Final Payment of 90% on completion
134,100€
Property Purchase Expenses
Property price
149,000€
Transfer tax 8%
11,920€
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.