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Ref: M282424
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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1. Apartment → Apartment in Formentera del Segura, Almoradí area - Almoradí area, 70 m. surface, 10000 m. from the beach, 3 bedrooms, one bathroom, property in good condition. Extras: elevator, close to beach-sea, next airport, buses, medical centers, coast, hospitals, parks, supermarkets, urbanization, children's areas
Property Features
- 3 bedrooms
- 1 bathroom
- 70m² Build size
- Swimming Pool
- Communal Pool
- Near bus route
- Location: Coastal, Urbanisation
- Near Childrens Parks
- Elevator/Lift
- Beach: 10000 Meters
- Single Bedrooms: 3
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,900€
Final Payment of 90% on completion
71,100€
Property Purchase Expenses
Property price
79,000€
Transfer tax 8%
6,320€
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.