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Ref: M286439
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Renovated Apartment 50 Meters from La Mata Beach, TorreviejaThis renovated apartment boasts a prime location, perfect for enjoying the Mediterranean. The property features 3 bedrooms, 1 bathroom, a cozy living-dining room, and a fully equipped kitchen. With its west-facing orientation, you can enjoy the afternoon sun.Key Features:3 bedrooms and 1 bathroom.Air conditioning.Fully furnished.West-facing orientation.Just 50 meters from the beach.IBI: €270/yearCommunity fees: €500/year
Property Features
- 3 bedrooms
- 1 bathroom
- 95m² Build size
- Key ready
- aire acondicionado
- ascensor
- reformado
- Electrodomesticos
- Cocina Independiente
- Buena condición
- D
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,900€
Final Payment of 90% on completion
179,100€
Property Purchase Expenses
Property price
199,000€
Transfer tax 8%
15,920€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.