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Ref: AG19151289
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Beautiful bungalow on the top floor for sale in Torrevieja, in the desired area of Los Frutales. It is ideal for people who like tranquility as it is located in a quiet area but only 400 meters from the beautiful surrounding coves. The house is in perfect condition. It consists of a double bedroom, a bathroom, an equipped American kitchen and a beautiful living room with high ceilings. As it has a double orientation, it is ideal for all months of the year. The annual expense is minimal since there is no community fee.
Property Features
- 1 bedroom
- 1 bathroom
- 33m² Build size
- Garden
- Near bus route
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,990€
Final Payment of 90% on completion
89,910€
Property Purchase Expenses
Property price
99,900€
Transfer tax 8%
7,992€
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.