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Ref: ADE7981E
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Luxurious modern apartments of new construction with panoramic views to the sea and mountains in the first line of the Poniente beach, in Benidorm. The apartments are very spacious with an area of 297.7m2 distributed in large living room with access to the terrace, kitchen, 3 bedrooms, 2 bathrooms, large garage and storage. The house is equipped with air conditioning and underfloor heating. Private pool, parking, barbecue.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
- air conditioning yes
- heating no
- Lift
- Parking
- open terrace
- construction year: 2020
- orientation: Este-Sur
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
162,000€
Final Payment of 90% on completion
1,485,000€
Property Purchase Expenses
Property price
1,650,000€
Transfer tax 8%
132,000€
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.