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Property marketed by Inmo Investments
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Detached villa in the San Luis Urbanization, Torrevieja, located on a 300 m² plot with a single-storey home of 110 m². The property features 3 bedrooms, 1 bathroom, a spacious living room with kitchen, terrace, and a driveway for multiple cars. Outside, you'll find a private 8 x 4 pool, artificial grass, a barbecue area, and a storage room. The house is sold furnished and includes air conditioning. It is conveniently located close to the natural salt flats and within walking distance of supermarkets, bars, restaurants, and bus stops.
Property Features
- 3 bedrooms
- 1 bathroom
- 110m² Build size
- 300m² Plot size
- Garden
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 8%
18,000€
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.