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Ref: M283928
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Investment Opportunity next to Torrevieja PromenadeApartment in need of renovation with a prime location. Situated next to restaurants, shops, and Torrevieja’s marina.The property features 1 bedroom, 1 bathroom, living-dining room, and kitchen across 49m².Features:1 bedroom, 1 bathroomLiving roomKitchenAir conditioningElevator
Property Features
- 1 bedroom
- 1 bathroom
- 49m² Build size
- Key ready
- Terrace
- D
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,900€
Final Payment of 90% on completion
125,100€
Property Purchase Expenses
Property price
139,000€
Transfer tax 8%
11,120€
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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Spanish Property News & Updates by Spain Property Portal.com
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.