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Ref: CSPV-27687
Property marketed by Complete Spanish Property
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Situated in a small complex in El Galan, just a 15 minute walk to amenities, we offer this ground floor apartment with plenty of outside space. It comprises of a terrace into the lounge diner with an open plan kitchen to the rear. There is a door accessing the partially covered utility room. The hall leads to the family bathroom and two double bedrooms with fitted wardrobes. Outside and the gravel plot has room for a private pool if desired and has off road parking. This property is a blank canvas in good condition and will make an ideal holiday home or investment property. The beaches on the Orihuela Costa are just 10 minutes drive away.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,250€
Final Payment of 90% on completion
101,250€
Property Purchase Expenses
Property price
112,500€
Transfer tax 8%
9,000€
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.