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Ref: CSPK-49050
Property marketed by Complete Spanish Property
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This charming 2-bedroom, 1-bathroom apartment is located in the picturesque village of Algorfa, offering a perfect blend of traditional Spanish charm and modern comfort. The apartment is situated in a quiet residential area, just a short stroll from the village’s main square, where you’ll find local cafes, restaurants, and shops.Inside, the apartment boasts a bright and airy open-plan living and dining area, with plenty of natural light streaming through the windows. The well-sized kitchen is fully equipped with all the essentials, making it ideal for home cooking. Both bedrooms are spacious, with ample wardrobe space, while the bathroom is modern and well-appointed.Outside, you’ll find a good size balcony or terrace, perfect for enjoying the warm Spanish climate or a morning coffee. The property is located in a well-maintained building, offering a sense of peace and community.Whether you’re looking for a full-time residence or a holiday retreat, this apartment in Algorfa offers a fantastic opportunity to experience life in one of the Costa Blanca’s most delightful and welcoming villages.
Property Features
- 2 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,200€
Final Payment of 90% on completion
82,799€
Property Purchase Expenses
Property price
91,999€
Transfer tax 8%
7,360€
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.