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Property marketed by Ibizavende
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Magnificent completely renovated loft in Dalt Vila in the heart of the old town, a World Heritage Site. The loft has a size of 50m2 divided into living room, over a staircase leads to the bedroom, the kitchen and a bathroom with shower.It was completely renovated in 2016 and is in perfect condition, with stone walls and glass windows to the terrace.The flat is equipped with air conditioning hot-cold.Ideal location, in the middle of the typical narrow streets and charming shops that give the old town its unmistakable charm. Very good capital investment, high profitability. Contact us by email, we will be pleased to arrange an appointment with you to view the property. We have many 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
- 1 bedroom
- 1 bathroom
- 50m² Build size
- Aire Acondicionado
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
31,700€
Final Payment of 90% on completion
312,300€
Property Purchase Expenses
Property price
347,000€
Transfer tax 10%
34,700€
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.