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Ref: 710172
Property marketed by Lavanda Real Estate SL
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Impressive three-bedroom ground floor apartment located in the exclusive community of Monte Paraiso. This gated residential complex is set in the heart of Marbella´s Golden Mile and offers lush landscaped gardens and facilities such as: four exterior swimming pools, one indoor pool, fully equipped fitness centre, a squash court, saunas and treatment rooms and 24hr security. The property has been fully reformed to a high standard and offers an open plan kitchen and living area with direct access to a private terrace. There are two large guest bedrooms, two guest bathrooms and the master suite complete with a private terrace. Other features include hot and cold air conditioning, two private parking spaces and a storeroom.
Property Features
- 3 bedrooms
- 4 bathrooms
- 175m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
136,500€
Final Payment of 90% on completion
1,255,500€
Property Purchase Expenses
Property price
1,395,000€
Transfer tax 10%
139,500€
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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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.