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Ref: AG19MLSC3960090
Property marketed by Spain Property Shop S.L
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Here we are delighted to offer onto the market this contemporary-style, south facing bungalow. Forming part of a community with well maintained gardens and pool area, the property would benefit from being updated, although fully functional as it is. The community fees are relatively high compared to other developments, but cover also the utilities (water and electricity, 180€ pcm). So very cost effective maybe if planning frequent or long-term use.
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,000€
Final Payment of 90% on completion
62,996€
Property Purchase Expenses
Property price
69,995€
Transfer tax 8%
5,600€
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.