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Ref: MM-11882
Property marketed by Sunland
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A South facing studio apartment overlooking a park which is on the first floor. The property has never been lived in and is spacious with a great location for the many bars and restaurants, it is also only a short walk to the beach.
Property Features
- 0 bedrooms
- 1 bathroom
- 29m² Build size
- Unfurnished
- Close to Shops
- Double Glazing
- Sunblinds
- Close to bus routes
- American style kitchen
- Beautiful Views
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,250€
Final Payment of 90% on completion
56,250€
Property Purchase Expenses
Property price
62,500€
Transfer tax 8%
5,000€
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.