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Ref: AG19MLSC5341377
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Apartment in Algorfa, a quiet yet vibrant village with all services within reach. Located on the first floor with an elevator, it offers comfort and functionality in an excellent setting. 2 bedrooms and 1 bathroomBrand new open kitchenSold furnished and move-in readySpacious terrace with mountain viewsGlazed balcony with space for washing machine and storageCommunal pool on the solarium Ideal as a permanent residence or investment. Don't miss this opportunity. Contact us for more information or to schedule a viewing.IBI (counsil tax) - 157,98€/year Community fees: 130,66 € /each 3 month
Property Features
- 2 bedrooms
- 1 bathroom
- 60m² Build size
- Swimming Pool
- Fitted wardrobes
- Utility room
- Solarium
- Veranda
- Dishwasher
- Kitchen appliances
- Aircondition, Split system
- Pool, Communal
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,990€
Final Payment of 90% on completion
80,910€
Property Purchase Expenses
Property price
89,900€
Transfer tax 8%
7,192€
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.