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Property marketed by In Sun Properties Spain S.L
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NEW BUILD RESIDENTIAL IN TORREVIEJA New Build residential just 5 minutes walk from Los Locos beach, in the centre of Torrevieja. This residential has 16 properties, with 1, 2 or 3 bedrooms and 1 and 2 bathrooms, all with terraces from 7m2 to 55m2, facing South or West, with community solarium, jacuzzi, chillaut area and sauna. An options underground parking space at an extra cost. Torrevieja is a Spanish town in the province of Alicante, on the Costa Blanca. It is known for its typically Mediterranean climate and coastline. It has boardwalks with resorts along its sandy beaches. The small Museum of the Sea and Salt houses exhibitions on the fishing and salt history of the city. In the interior, the Lagunas de La Mata-Torrevieja Natural Park has trails and two salty lagoons, one pink and the other green. Alicante airport located 40 minutes away and Murcia airport about 1 hour away.
Property Features
- 3 bedrooms
- 2 bathrooms
- 108m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
45,400€
Final Payment of 90% on completion
435,600€
Property Purchase Expenses
Property price
484,000€
Transfer tax 8%
38,720€
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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