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Ref: W-02RJXN
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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We offer a project of individual construction, on 2 plots of land of 385 m and one plot of land of 400 m. Project of 3 houses in a quiet residential area in the city of Torrevieja, province of Alicante, away from the urban bustle. 3 bedrooms, 3 bathrooms, salon – living room – kitchen, 2 terraces, balcony, basement – garage, solarium. A 10-minute walk from the sea, next to the park, shops, restaurants, cafes.
Property Features
- 3 bedrooms
- 3 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,000€
Final Payment of 90% on completion
621,000€
Property Purchase Expenses
Property price
690,000€
Transfer tax 8%
55,200€
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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