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Ref: AG19152184
Property marketed by Spain Property Shop S.L
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For sale: a cozy two-room apartment of 60 m² near Parque de las Naciones. The apartment features a living room with an American-style kitchen, a spacious balcony, and a comfortable bedroom. The complex offers a shared pool and well-maintained recreational area. Shops, cafes, and the park are nearby, making it perfect for living or vacations. Call for more details and to schedule a viewing!
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- Swimming Pool
- Pool, Communal
- Elevator
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,300€
Final Payment of 90% on completion
110,700€
Property Purchase Expenses
Property price
123,000€
Transfer tax 8%
9,840€
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.