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Property marketed by Engel & Voelkers Torrevieja - Orihuela
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New residential development of modern villas and apartments in Pilar de la Horadada. It features luxury villas with 2 or 3 bedrooms and 2 bathrooms, and a private pool; ground floor apartments with a garden or upper floor apartments with a solarium, with 2 or 3 bedrooms and 2 bathrooms; communal pools, jacuzzi, landscaped common areas, and parking. All this is just 1,700 m from Las Higuericas beach, very close to the town center, surrounded by supermarkets, schools, sports facilities, medical centers, etc.
Property Features
- 4 bedrooms
- 3 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
54,500€
Final Payment of 90% on completion
517,500€
Property Purchase Expenses
Property price
575,000€
Transfer tax 8%
46,000€
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.