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Ref: CSPK-19967
Property marketed by Complete Spanish Property
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We are pleased to present this first floor apartment in the Spanish village of Algorfa. A popular destination due to its many amenities at such proximity, the village offers a variety of shops, bars and restaurants, as well as a medical centre, school, nursery, pharmacy, sports centre, grocery shops, and much more... This property consists of 2 bedrooms and 1 bathroom, Separete kitchen & utility room, and a large living room area. The village municipal pool is less than a 1 minute walk. You have the 5* La Finca Golf Resort just up the road. Only a 15 minute drive to the award winning beaches of Guardamar del Segura 35 minute to Alicante airport.
Property Features
- 2 bedrooms
- 1 bathroom
- 63m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,700€
Final Payment of 90% on completion
87,296€
Property Purchase Expenses
Property price
96,995€
Transfer tax 8%
7,760€
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.