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Property marketed by Engel & Voelkers Torrevieja - Orihuela
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Great apartment located on the fourth floor of a five-story building with an elevator, built in 1989, south-facing. It is an 85m2 apartment. It consists of 2 bedrooms, 1 full bathroom, 1 fitted kitchen, 1 living room, and a 5m2 glazed terrace. The apartment is sold unfurnished. The price includes a parking space and storage room, located within the same building. Just 300 meters from Cura beach. Very close to the center of Torrevieja, bus station, surrounded by all services (pharmacy, supermarkets, etc.)
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,000€
Final Payment of 90% on completion
117,000€
Property Purchase Expenses
Property price
130,000€
Transfer tax 8%
10,400€
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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