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Ref: M271977
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Torrevieja, House on the ground floor in front of a park very well located very close to the beach and the ideal center to build your own home or as a local/business with 5 meters of facade and an area of 140 m2.
Property Features
- 1 bedroom
- 1 bathroom
- 140m² Build size
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,600€
Final Payment of 90% on completion
95,400€
Property Purchase Expenses
Property price
106,000€
Transfer tax 8%
8,480€
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.