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Ref: MLSC2247854
Property marketed by The Property Group
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An exceptionally well-finished complex of 7 apartments in a quiet location overlooking the main town of Alora, all are finished to a very high standard They also have private terraces with stunning views There is underground parking with each apartment having a storage room facility in the basement Mains water and electricity are connected One two bedroom left including parking space at 150000€
Property Features
- 2 bedrooms
- 1 bathroom
- Entrance Hall
- Close To Bus Station/Stop
- Electric Hot Water
- Fitted Kitchen
- Near Transport
- Off Road Parking
- Oven
- Parking Space
- Village Location
- Walk To Bars/Restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,000€
Final Payment of 90% on completion
135,000€
Property Purchase Expenses
Property price
150,000€
Transfer tax 10%
15,000€
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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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.