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The Residential is formed by three blocks of two heights, of extremely horizontal proportions, implanted respecting the original topography of the plot favoring the distant views towards the salt flats of Torrevieja.In this way, three 'platforms' are generated at different levels that are connected by gentle slope roads that run through the interior of the urbanization.The architecture and vegetation of the residential are inspired by our Mediterranean tradition from their deepest understanding. That identity will take as fundamental pillars the use of materials from the vernacular tradition and the linking of architecture to a landscape typical of our area.67 homes of 2 and 3 bedrooms with private gardens and / or solariums form the whole, completing
Property Features
- 2 bedrooms
- 2 bathrooms
- 72m² Build size
- 72m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,900€
Final Payment of 90% on completion
206,100€
Property Purchase Expenses
Property price
229,000€
Transfer tax 8%
18,320€
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.