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Ref: 01-EQ-1052
Property marketed by Goldhouse Inmobiliaria Real Estate SL
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A good priced bungalow for sale in Torrevieja, at 1,5 km from sea and beaches and close to all amenities. The one level bungalow with no one on top comes with 1 bedrooms, 1 bathroom, a spacious living / dining room with half-open kitchen, a covered back patio and a good sized east facing terrace. It will be sold equipped with airco, ventilator, awning and comes and fully furnished. Book your appointment for viewing now. ref:01-EQ-1052
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,900€
Final Payment of 90% on completion
80,100€
Property Purchase Expenses
Property price
89,000€
Transfer tax 8%
7,120€
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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Spanish Property News & Updates by Spain Property Portal.com
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.