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Ref: AG19MLSC7356969
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Beautiful Apartment in Playa Flamenca, Orihuela CostaGround-floor apartment with a spacious 23m² front terrace. The property features 2 bedrooms, 2 bathrooms, a bright living-dining area, and an open-plan kitchen, all distributed over 78m². It also includes an interior patio and private parking on the plot.Located in a private residential complex with a communal pool, close to shops, restaurants, and all amenities.Key Features:78m² built area2 bedrooms and 2 bathrooms23m² terrace and interior patioEast-facingGround floorPrivate parking on the plotCommunal poolClose to all amenities
Property Features
- 2 bedrooms
- 2 bathrooms
- 78m² Build size
- Swimming Pool
- Veranda
- Parking, Uncovered
- Pool, Private
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,000€
Final Payment of 90% on completion
126,000€
Property Purchase Expenses
Property price
140,000€
Transfer tax 8%
11,200€
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.