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Property marketed by Inmo Investments
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This 85 m² modern apartment in the Bioko urbanization is just 50 meters from the promenade and a short walk to the beach. Built in 2016, it features 2 bedrooms, 2 bathrooms, a bright open-plan living area with a stylish kitchen, and two terraces. The property includes 3 new A/C units, electric blinds, quality furnishings, and a lift to a private garage with storage. The gated community offers a large pool, children’s pool, and beautiful green spaces. Contact us for further information!
Property Features
- 2 bedrooms
- 2 bathrooms
- 85m² Build size
- Swimming Pool
- Communal Pool
- Air conditioning
- Quality build
- Balcony
- Walking Distance to Amenities
- Built-in Wardrobes
- Rental Potential
- Walking Distance to Beach
- Furnished
- Modern design
- Resale of a newbuild
- Prestigious Area
- Under 1km to beaches
- Underground parking
- Lift
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
30,900€
Final Payment of 90% on completion
305,100€
Property Purchase Expenses
Property price
339,000€
Transfer tax 8%
27,120€
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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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.