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Ref: W-02PL43
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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We present you the new Residencial, our new promotion of 40 apartments that we will carry out in Villamartin with a views for the international clients. Apartments with 2 or 3 bedrooms and 2 bathrooms. With the 50m² garden or the 70m² solarium with the car park. The apartments give you luxury and exclusivity in your home, high energy efficiency, modern design and a fitted kitchen with a Silestone or similar worktop. The recessed ceiling lights with LED lamps, the white lacquered wood carpentry and colored locks aluminum, pre-installation of A/C throughout the house.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,900€
Final Payment of 90% on completion
224,100€
Property Purchase Expenses
Property price
249,000€
Transfer tax 8%
19,920€
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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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.