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Ref: ADE1975P
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Development of bungalows located in a quiet residential area with spectacular views of the Mediterranean Sea and the Peñón de Ifach. Townhouses with 1, 2, and 3 bedrooms.2 bedroom bungalow with a large terrace, living room with a sofa bed, kitchen, and 2 bathrooms, plus communal areas boasting 7 pools with slides.Location boasts views over the Mediterranean Sea and is just a few minutes from the beaches and facilitie of Calpe.The ideal opportunity for a second residence or as a tourist rental investment.The residence is fully furnished.
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,000€
Final Payment of 90% on completion
153,000€
Property Purchase Expenses
Property price
170,000€
Transfer tax 8%
13,600€
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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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.