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Ref: MLSC5995343
Property marketed by The Property Group
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A fully refurbished 3 level townhouse located just off the main historical square of Alora On the ground level, there is an entranceway, dining room, fully fitted kitchen and cloakroom/toilet On the 1st level, there is 1 bedroom and a bathroom On the 2nd level, there are a further 2 bedrooms 80m2 built The property has a glorious 25m2 roof terrace with views across Alora and to El Hacho mountain range Mains water and electricity are connected
Property Features
- 3 bedrooms
- 1 bathroom
- Close to all Amenities
- Entrance Hall
- Internet Available
- Mains Electricity
- Mains Sewage
- Mains Water
- Roof Terrace
- Village Location
- Walk To Bars/Restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,500€
Final Payment of 90% on completion
130,500€
Property Purchase Expenses
Property price
145,000€
Transfer tax 10%
14,500€
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.