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Ref: 054431/6907
Property marketed by Canary Hogar
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We offer a beautiful 45m2 apartment in one of the best resorts in Tenerife, Sol Sun Beach.~The apartment consists of 1 bedroom, bathroom, open kitchen, bright living room with access to a spacious 14m2 terrace~with stunning views of the ocean and the island of La Gomera.~The complex is located on the oceanfront, Playa Fañabe, has two swimming pools and a garden.
Property Features
- 1 bedroom
- 1 bathroom
- 59m² Build size
- Swimming Pool
- telephone
- Wardrobes cupboard
- Prime line of the beach
- Water
- Vistas al mar
- Alarm Fire
- Residencial
- Terrace
- Elevator
- Community Pool
- Air-Conditioning
- Furniture
- Appliances
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
45,500€
Final Payment of 90% on completion
436,500€
Property Purchase Expenses
Property price
485,000€
Transfer tax 10%
48,500€
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.