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Ref: NEW-EF-0021a
Property marketed by Goldhouse Inmobiliaria Real Estate SL
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New development on a superb location in La Mata, Torrevieja, very quiet, but at only 5 minutes walk to the sea and beaches and close to all amenities. The development consists of ground floor and top floor bungalows (ref. NEW-0021b). The ground floor bungalows come with 2 bedrooms, 2 bathrooms, open living / dining / kitchen area, garden with pre-installation for pool or jacuzzi and semi-basement with laundry room and space for more rooms if needed. Included in the price are parking space and pre-installation for airco. Do not hesitate, make your viewing appointment with us. ref:NEW-EF-0021a
Property Features
- 2 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
52,000€
Final Payment of 90% on completion
495,000€
Property Purchase Expenses
Property price
550,000€
Transfer tax 8%
44,000€
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.