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Ref: 710142
Property marketed by Lavanda Real Estate SL
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Impressive three-bedroom apartment in the luxury community The Crest, La Quinta; a prestigious complex with communal gardens and swimming pool, located in a quiet area and close to all amenities, Marbella and Puerto Banus. The property has an open plan living and dining room with patio doors leading to the private terrace overlooking the golf and mountains; fully fitted open plan kitchen; master suite; two guest bedrooms; and a guest bathroom. Other features include hot and cold air conditioning, two private parking spaces and a storeroom.
Property Features
- 3 bedrooms
- 2 bathrooms
- 169m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
62,000€
Final Payment of 90% on completion
585,000€
Property Purchase Expenses
Property price
650,000€
Transfer tax 10%
65,000€
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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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.