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Great opportunity to purchase a an apartment just a stone's throw from the magnificent Montemar beach and a short stroll from Benalmádena marina. The urbanization has well maintained gardens and a delightful pool. If you are looking for an investment, a holiday home or a permanent residence, this property really should be given your consideration.
Property Features
- 1 bedroom
- 1 bathroom
- 66m² Build size
- Swimming Pool
- near transport
- first line beach
- fitted kitchen
- community garden
- terrace
- covered terrace
- communal pool
- gated complex
- lift
- fitted wardrobes
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,500€
Final Payment of 90% on completion
202,500€
Property Purchase Expenses
Property price
225,000€
Transfer tax 10%
22,500€
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.