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2 bedroom, 1 bathroom, top floor bungalow with front terrace but also with large private roof terrace in Jardin del Mar phase V. Beautiful Communal pool Close to all amenities. Property has been fully redecorated, inside, outside amp; terrace Price 119.999euro; (unfurnished) contact Gerard Steenstra for a viewing mail@secondhomesinspain 0034 620237786
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,000€
Final Payment of 90% on completion
107,999€
Property Purchase Expenses
Property price
119,999€
Transfer tax 8%
9,600€
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.