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Ref: ADE4079F
Property marketed by España Dream Properties

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Excellent penthouse with unforgettable views over the best Mediterranean sea coast and the Island of Ibiza. The property has a prominent location in the first line of the beach. The total floor area of the apartment is 250 sq. m including terrace, three bedrooms, two bathrooms, kitchen and living room. On the territory of the complex there are three swimming pools, parking area, tennis court and garage.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
- Parking
- Lift
- heating no
- air conditioning yes
- construction year: 1981
- open terrace
- Orientation: Sur
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,500€
Final Payment of 90% on completion
445,500€
Property Purchase Expenses
Property price
495,000€
Transfer tax 8%
39,600€
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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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.