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Ref: W-02RYM2
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Newly built detached houses with plots of up to 350 m2, and a total constructed area of up to 330 m2, consisting of 4 bedrooms, 3 bathrooms and 2 en-suite and a guest toilet, with furniture, shower screens and suspended toilets, motorized blinds in bedrooms and motorized curtains in the living room. Electric underfloor heating in bathrooms, and LED lights throughout the house. Living room, dining room, American kitchen with island and fully furnished with appliances, air conditioning, 2 underground parking spaces, infinity pool with LED lights and 8.50x3 m outdoor shower, solar panels installed for the house.
Property Features
- 4 bedrooms
- 4 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
72,000€
Final Payment of 90% on completion
675,000€
Property Purchase Expenses
Property price
750,000€
Transfer tax 8%
60,000€
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.