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Ref: 4415I
Property marketed by Smilo Real Estate SL
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This flat is at Playa Honda, 35509, Adeje, Santa Cruz de Tenerife, is in the district of Playa de las Américas, on floor ground floor. It is a flat that has 42 m2 and has 1 rooms and 1 bathrooms.
It includes terrace, communal swimming pool and reformed.
It includes terrace, communal swimming pool and reformed.
Property Features
- 1 bedroom
- 1 bathroom
- 42m² Build size
- Swimming Pool
- piscina comunitaria
- reformado
- terraza
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
22,000€
Final Payment of 90% on completion
225,000€
Property Purchase Expenses
Property price
250,000€
Transfer tax 10%
25,000€
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.