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Ref: 721715
Property marketed by Lavanda Real Estate SL
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Spacious apartment with great potential, equipped for holiday rental, 1 bedroom apartment of 87 m2 easy to convert into 2 bedrooms with a magnificent private garden with barbecue with direct access to the communal pool, fully furnished and equipped, A/C, awnings, kitchen with new appliances, includes a parking space, great value for the home.
Property Features
- 1 bedroom
- 1 bathroom
- 87m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
25,500€
Final Payment of 90% on completion
256,500€
Property Purchase Expenses
Property price
285,000€
Transfer tax 10%
28,500€
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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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.