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Ref: AG19MLSC3896191
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We are happy to present this beautiful apartment located in a beautiful gated community, very close to Villamartin. The apartment is located on the first floor of an apartment building with a lift. It consists of 2 bedrooms, living-dining room with, open kitchen and a large terrace. It is sold fully furnished and equipped, ready to move into. The urbanization has a communal pool and heated jacuzzi, children's playground and underground parking. Within walking distance we find all kinds of services. Villamartin is a popular urbanization located on the Costa Blanca, in the municipality of Orihuela, province of Alicante. It is known for its cosmopolitan atmosphere, as it attracts residents and tourists of various nationalities, especially from northern Europe. The area has developed significantly over the past few decades, becoming a hotspot for those looking for second-hand properties near the Mediterranean Sea.
Property Features
- 2 bedrooms
- 1 bathroom
- 65m² Build size
- Swimming Pool
- Near bus route
- Jacuzzi
- Pool, Communal
- Elevator
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,300€
Final Payment of 90% on completion
173,700€
Property Purchase Expenses
Property price
193,000€
Transfer tax 8%
15,440€
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.