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Property marketed by Inmo Investments
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This cozy 45-square-meter apartment is located on the top floor in the center of Torrevieja. The apartment features a spacious living room that can easily be converted into a bedroom at night, a lovely balcony perfect for morning coffee or evening relaxation, a functional kitchen, and a complete bathroom. The building includes a lift and a shared roof terrace, which feels almost private due to the small size of the block with only eight apartments. The apartment is sold furnished and is just 700 meters from the Mediterranean and the seafront, with everything you need within walking distance.
Property Features
- 0 bedrooms
- 1 bathroom
- 45m² Build size
- Balcony
- Walking Distance to Amenities
- Rental Potential
- Walking Distance to Bus Route
- Walking Distance to Beach
- Furnished
- Solarium communal
- Under 1km to beaches
- Lift
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,400€
Final Payment of 90% on completion
75,600€
Property Purchase Expenses
Property price
84,000€
Transfer tax 8%
6,720€
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.