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Ref: NEW-EL-0475
Property marketed by Goldhouse Inmobiliaria Real Estate SL
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New development of apartments on a superb location in Lo Pagan, 20 m from Mar Menor and beaches, and close to all amenities needed. The apartments come with 2 bedrooms, 2 bathrooms, living / dining / kitchen area and terrace. Included in the price are kitchen appliances, LED-lights in- and outside, completely installed airco, electric shutters and underfloor heating in the bathrooms. A parking space and storage can be bought for 20 000 euros extra. There is also a community zone with pool and the building has a lift. Perfect apartment on a superb location. ref:NEW-EL-0475
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,495€
Final Payment of 90% on completion
220,455€
Property Purchase Expenses
Property price
244,950€
Transfer tax 8%
19,596€
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.