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Ref: AG19152272
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Modern Villa in Lomas de Cabo Roig, Orihuela CostaOne storey villa in a corner plot features a living-dining room, an open kitchen, 2 bedrooms, and 2 bathrooms (one of them en-suite). It also includes a private pool, garden, and a private 35m² solarium.The villa is sold partially furnished. It is located close to all amenities such as supermarkets and shops. 15-minute walk to Campoamor Beach.
Property Features
- 2 bedrooms
- 2 bathrooms
- 71m² Build size
- 106m² Plot size
- Swimming Pool
- Solarium
- Parking, Uncovered
- Pool, Private
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,000€
Final Payment of 90% on completion
288,000€
Property Purchase Expenses
Property price
320,000€
Transfer tax 8%
25,600€
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.