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Ref: CSPJ-65927
Property marketed by Complete Spanish Property
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A well located 2 bedroomed ground floor apartment in the sought after area of Cuidad Quesada. The property is walking distance to many bars, restaurants and many other amenities, and a 5 minute drive to the La Maquesa golf course and a 15 minute drive to the blue flag sandy beaches of Guardamar. Alicante airport is only a 40 minute drive. This property comes fully furnished and comes complete with air conditioning.
Property Features
- 2 bedrooms
- 1 bathroom
- 65m² Build size
- 30m² Plot size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
108,000€
Property Purchase Expenses
Property price
120,000€
Transfer tax 8%
9,600€
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.