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Property marketed by Engel & Voelkers Torrevieja - Orihuela
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New residential of 2/3 bedroom, 2 bathroom luxurious Bungalow style apartments is located in Punta Prima. In a short walk from all amenities and the blue flag beaches. This gated exclusive development has stunning landscaped gardens complete with swimming pool, outdoor gym, children's play area, jacuzzi and children's pool. Each property is finished to the highest standard and includes a modern kitchen with fitted appliances, LED lighting, pre installation of vented air conditioning and there is a secure underground parking place also included in the price. Apartments are composed of a lounge with patio doors which lead out onto the terrace, an open plan modern kitchen with integrated appliances including oven, hob, extractor, fridge/freezer, dishwasher, washing machine and microwave, utility/laundry room, dining area, a master bedroom with fitted wardrobes and en-suite, a further double bedroom and a guest bathroom. The top floor apartment has a staircase from the terrace to the private rooftop solarium where you can enjoy all day sun even in winter time.
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,000€
Final Payment of 90% on completion
243,000€
Property Purchase Expenses
Property price
270,000€
Transfer tax 8%
21,600€
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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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.