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Ref: 710182
Property marketed by Lavanda Real Estate SL
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Bungalow in the lower part of Riviera del Sol, close to all the services of the Urbanization. It consists of 2 bedrooms with built-in wardrobes, 1 full bathroom and toilet in the master bedroom. Living room with access to terrace and garden. Independent kitchen with all appliances. Air conditioning throughout the property. Marble floors, electric blinds. Community gardens and 3 swimming pools.
Property Features
- 2 bedrooms
- 1 bathroom
- 75m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,500€
Final Payment of 90% on completion
247,500€
Property Purchase Expenses
Property price
275,000€
Transfer tax 10%
27,500€
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.