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Property marketed by Inmo Investments
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This two-bedroom first-floor apartment in Algorfa Village offers a south-facing balcony with views of the Ermita, ensuring plenty of sunlight throughout the day. The secure complex is ideal for both a holiday home or permanent residence. Inside, the apartment features an entrance hallway leading to a twin bedroom, a family bathroom, and a master bedroom with ample storage. The open-plan living and dining area has air conditioning and access to the balcony. The kitchen is fully equipped, and recent updates include a new water boiler. Residents enjoy a communal roof terrace, garden, and pool, with on-street parking available. The apartment is within walking distance of local amenities and close to the AP7 motorway.
Property Features
- 2 bedrooms
- 1 bathroom
- 65m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,000€
Final Payment of 90% on completion
71,996€
Property Purchase Expenses
Property price
79,995€
Transfer tax 8%
6,400€
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.