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Ref: CSPJ-76407
Property marketed by Complete Spanish Property
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This apartment in Edificio Bahia del Segura in the Los Palacios barrio of Formentera del Segura, has 2 bedrooms, 1 bathroom, an open plan living/dining area and is to be sold fully furnished. On the second floor of the building there is a lift which goes from the bottom floor to the roof top solarium. where a there is a pool, a couple of small gyms with showers and a private drying area. The views are exceptional.The location of this apartment is key. It's close to restaurants, bars, supermarkets and the local nightclubs. The AP 7 motorway is also very close by, and facilitates travel between Alicante and Murcia and, by extension, the rest of Spain.An excellent opportunity as a holiday home, or as a permanent residence, this is a lovely apartment in a very well known local area.Call us to view
Property Features
- 2 bedrooms
- 1 bathroom
- 53m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,500€
Final Payment of 90% on completion
67,500€
Property Purchase Expenses
Property price
75,000€
Transfer tax 8%
6,000€
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.