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Ref: 056071/6907
Property marketed by Canary Hogar
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Magnificent bungalow very close to Las Vistas Beach, 2 bedrooms, 1 bathroom, fully equipped open-plan kitchen, large living room and a sunny terrace with spectacular sea views.~The property is located in one of the best areas, 5 minutes walk from the Hard Rock Café and Golden Mile, very close to all amenities.~The bungalow will be sold furnished, including a separate garage and a car in the price.
Property Features
- 2 bedrooms
- 1 bathroom
- 97m² Build size
- Swimming Pool
- telephone
- Wardrobes cupboard
- Light
- Water
- Vistas al mar
- Alarm Fire
- Residencial
- Terrace
- Garage
- Elevator
- Community Pool
- Air-Conditioning
- Furniture
- Appliances
- Storeroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
55,000€
Final Payment of 90% on completion
522,000€
Property Purchase Expenses
Property price
580,000€
Transfer tax 10%
58,000€
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.