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Ref: ASK3170V
Property marketed by España Dream Properties

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Building on the first line, on the new seafront of Torrevieja. A facade of more than 50m in length facing the Mediterranean.This exclusive project consists of twenty homes, four per floor, 3 and 4 bedrooms, up to 197 m2 built and panoramic views of each and every one of the homes. Basement for 20 garage spaces and storage rooms and the ground floor for commercial use.The minimalist design of the building, and the meticulously selected first quality materials, turn into a building on the coast of the Costa Blanca.
Property Features
- 3 bedrooms
- 2 bathrooms
- 154m² Build size
- 154m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
37,000€
Final Payment of 90% on completion
360,000€
Property Purchase Expenses
Property price
400,000€
Transfer tax 8%
32,000€
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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Spanish Property News & Updates by Spain Property Portal.com
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.