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Ref: MM-11582
Property marketed by Sunland
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A well maintained two bedroom apartment on the first floor in Los Altos. This property is private with no neighbors looking onto it and is close to the busy new commercial area of Punta Prima with its many bars and restaurants.
Property Features
- 2 bedrooms
- 1 bathroom
- 69m² Build size
- Swimming Pool
- Furnished
- Balcony
- Fitted wardrobes
- White goods
- Utility room
- Community Parking
- Sea views
- Communal swimming pool
- Close to Shops
- Double Glazing
- Sunblinds
- Close to Restaurants
- Close to bus routes
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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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.