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Ref: AG19152136
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Amazing Location! This sea side villa features 5 bedrooms and is set on an aprox. 600m2 plot in the heart of Punta Prima, Costa Blanca South. Close to all amenities and of course the white sandy beaches of Orihuela Costa. The plot has plenty of room for the addition of a private swimming pool, there is also a driveway with off street parking and garage. Fantastic traditional Spanish style home with high vaulted ceilings and lovely front covered terrace space.
Property Features
- 5 bedrooms
- 2 bathrooms
- 186m² Build size
- 895m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,000€
Final Payment of 90% on completion
621,000€
Property Purchase Expenses
Property price
690,000€
Transfer tax 8%
55,200€
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.