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Ref: NAP044
Property marketed by Competa Properties S.L.
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Spacious top floor flat, 300 m from Torrecilla beach in Nerja. It has 2 double bedrooms, shower room, storage room, fitted kitchen, lounge with access to terrace with sea views. Lift, communal roof terrace for drying clothes. Air conditioning in lounge and bedrooms. Close to bars, shops and public parking. Ideal as a permanent home, holiday home or rental investment. Viewing recommended, don't miss this opportunity!
Property Features
- 2 bedrooms
- 1 bathroom
- 85m² Build size
- 103m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
23,000€
Final Payment of 90% on completion
234,000€
Property Purchase Expenses
Property price
260,000€
Transfer tax 10%
26,000€
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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Spanish Property News & Updates by Spain Property Portal.com
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.