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Frontline Sea Apartment in La Veleta, TorreviejaThis property features 2 bedrooms and 1 bathroom, with a built area of 80m².The apartment offers a living-dining room and a spacious terrace with direct sea views.It enjoys a prime location with a green area in front of the complex. The area is peaceful yet close to all amenities.Features:80m² built2 bedrooms, 1 bathroomTerrace with direct sea viewsParking includedStorage roomEast orientationFurnishedCommunity fees: €360/yearIBI: €362/year
Property Features
- 2 bedrooms
- 1 bathroom
- 80m² Build size
- Veranda
- Sea view
- Parking, Uncovered
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
43,900€
Final Payment of 90% on completion
422,100€
Property Purchase Expenses
Property price
469,000€
Transfer tax 8%
37,520€
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.