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Ref: 3780
Property marketed by Ibizavende
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Modern brand new flat of 107 m² offered for sale in Santa Eulalia del Río. The property has 3 spacious bedrooms and 2 complete bathrooms, one of them en suite, both equipped with modern design shower. The main space is composed of an open-plan kitchen that integrates seamlessly with the living room, creating a spacious and luminous ambience that extends towards a private balcony, ideal for enjoying the fresh air.The flat also includes a small interior courtyard that provides additional outdoor space, perfect for an urban garden or relaxation corner. In addition, a garage and storage room are included, offering added convenience and storage space.The building is newly built, with high quality finishes. It is important to note that both the water and electricity supply need to be connected, as the property is brand new.This flat represents a very good investment opportunity, with a potential annual return of up to 8%, making it an attractive option for those looking for a secure return in a growing area.We have more houses, flats, villas, fincas, commercial premises and land for rent and sale on the island. Thank you for considering us as your real estate agency in Ibiza.
Property Features
- View Video Tour
- 3 bedrooms
- 2 bathrooms
- 107m² Build size
- Aire Acondicionado
- Ascensor
- Garaje
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
58,500€
Final Payment of 90% on completion
553,500€
Property Purchase Expenses
Property price
615,000€
Transfer tax 10%
61,500€
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.