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DESIGN BUNGALOW BY THE SEA
Residential in a newly developed area just 250m from the sea. Excellent location very close to the urban center of Torrevieja and surrounded by services, shops and restaurants. The Torrevieja General Hospital and the marina are also nearby.
Excellent residential with a beautiful garden, swimming pool and fitness area. Enjoy this complete, modern, and charming bungalow with a minimalist design.
Residential in a newly developed area just 250m from the sea. Excellent location very close to the urban center of Torrevieja and surrounded by services, shops and restaurants. The Torrevieja General Hospital and the marina are also nearby.
Excellent residential with a beautiful garden, swimming pool and fitness area. Enjoy this complete, modern, and charming bungalow with a minimalist design.
Property Features
- 2 bedrooms
- 2 bathrooms
- 98m² Build size
- 55m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
28,000€
Final Payment of 90% on completion
279,000€
Property Purchase Expenses
Property price
310,000€
Transfer tax 8%
24,800€
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.