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New Promotion of 6 apartments in Los Montesinos in an enviable location on the Costa Blanca, the Mayfersol apartments have gone a little further to stand out from the crowd. Elegant apartments with two and three bedrooms, a large independent solarium and pleasant views of the natural area of the salt flats. Once again, very different and unique properties that stand out in their top quality finishes. Prices from € 85,000 (Taxes and expenses not included). (The photos of the property are from the show flat).
Property Features
- 2 bedrooms
- 1 bathroom
- Double glazing
- Fitted Wardrobes
- Intercom
- unfurnished
- Lift
- Walking Distance to Shops etc
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,500€
Final Payment of 90% on completion
76,500€
Property Purchase Expenses
Property price
85,000€
Transfer tax 8%
6,800€
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.