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Ref: M283041
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Refurbished 3 bed apartment in the center of Torrevieja on first floor with elevator.The apartment comprises of 3 large bedrooms, 1 family bathroom, 1 toilet a separate kitchen and dining/living space. It also has a large covered terrace.
Property Features
- 3 bedrooms
- 1 bathroom
- 110m² Build size
- Covered Terrace
- open terrace
- Terrace
- air conditioning yes
- near the beach
- near the golf course
- construction year: 1991
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,900€
Final Payment of 90% on completion
179,100€
Property Purchase Expenses
Property price
199,000€
Transfer tax 8%
15,920€
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.