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Ref: M284136
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Studio in Torrevieja near Playa del Cura and Playa de los Locos. It has 35 meters built and almost 30 meters useful. It consists of a kitchen, large bathroom, a small living room and a charming bedroom. It also has a terrace of about 5 meters from where you can see the community pool. Extras: elevator, balcony, community pool, solarium, terrace, buses, medical centers, coast, supermarkets, optional parking. Community fees: 22 euros per month.
Property Features
- 0 bedrooms
- 1 bathroom
- 35m² Build size
- Swimming Pool
- Communal Pool
- Near bus route
- Location: Coastal
- Solarium: Yes
- Elevator/Lift
- Beach: 400 Meters
- Terrace: 5 Msq.
- Useable Build Space: 29 Msq.
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,990€
Final Payment of 90% on completion
62,910€
Property Purchase Expenses
Property price
69,900€
Transfer tax 8%
5,592€
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.