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Ref: CSP-ND874
Property marketed by Crystal Shore Properties
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Welcome to this new designer resort featuring 44 apartments and penthouses due completion April 2020, set in a quiet neighbourhood of El Faro within close proximity to all amenities. Here is your chance to acquire an apartment with huge living areas and large south-east facing terraces. There will be multiple outdoor areas with pools, sunbeds, paddle court, playground, outdoor fitness park and yoga pavilions. The apartments come with two parking places and one storage room. As it is a private complex the complex will have 24 hours security, surveillance cameras and master keys. Around the three main apartment buildings, there are more than 8.000 m2 landscaped gardens with outdoor lounges featuring bio-ethanol fireplaces.
Property Features
- 3 bedrooms
- 3 bathrooms
- 121m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
31,600€
Final Payment of 90% on completion
311,400€
Property Purchase Expenses
Property price
346,000€
Transfer tax 10%
34,600€
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.