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Ref: 11378
Property marketed by In Sun Properties Spain S.L
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NEW BUILD APARTMENTS IN TORREVIEJA New Build apartments and penthouses in Torrevieja. New Build residential of 12 exclusive 1 and 2 bedrooms, 1 and 2 bathrooms apartments and penthouses, with open plan kitchen and living area, large, fitted wardrobes, fully equipped bathrooms with underfloor heating. All motorised aluminium blinds. Armoured entrance door with security lock. Pre-installation of air conditioning and heating. New Build residential complex with modern design and high quality finishes has a beautiful communal solarium. 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
- 1 bedroom
- 1 bathroom
- 35m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,900€
Final Payment of 90% on completion
134,100€
Property Purchase Expenses
Property price
149,000€
Transfer tax 8%
11,920€
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.