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Ref: 312-2888K
Property marketed by IMMOSUD TENERIFE SL
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How can we help you?:
"Immosud Tenerife S.L." presents you this wonderful apartment situated in Los Gigantes. Recently refurbished, this property offers sea and cliffs view. It consists in a double room, a bathroom with shower and à large terrace with lateral sea view. This property is perfect as investment or as a second residence. Call us to receive more informations, pictures or to ask for a visit. Whatsapp number: +34 650 02 09 85
Property Features
- 1 bedroom
- 1 bathroom
- near transport
- near beach
- close to shops
- garden
- terrace
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,000€
Final Payment of 90% on completion
261,000€
Property Purchase Expenses
Property price
290,000€
Transfer tax 10%
29,000€
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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Spanish Property News & Updates by Spain Property Portal.com
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.