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Ref: SV4659
Property marketed by Signature Villas SL
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This flat is located on the second floor of a well-kept apartment building close to the sea and the city centre. The flat comprises a spacious living-dining room, a kitchen with an adjacent laundry room, a double bedroom with an en suite bathroom and a double bedroom with a separate bathroom. In addition, there is a 22 m2 covered terrace. The apartment complex has a large, communal swimming pool surrounded by a grassy garden with palm trees. The beach can be reached on foot in 5 minutes. Both the port and the city centre can be reached in 15 minutes.
Property Features
- 2 bedrooms
- 2 bathrooms
- 100m² Build size
- newly built
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
32,000€
Final Payment of 90% on completion
315,000€
Property Purchase Expenses
Property price
350,000€
Transfer tax 8%
28,000€
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.