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Property marketed by Crystal Shore Properties
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An impeccable penthouse located Nueva Andalucía, in the popular residential complex of Lorcrimar and conveniently situated close to Puerto Banus and only a ten minute walk from the beach. The South facing penthouse has a large terrace of 50 sqm overlooking the communal gardens and the pool area with some sea views. Recently renovated it is presented in show home condition comprising of an entrance hall leading through to a generous living room with dining area, master en-suite bedroom, guest bedroom with family bathroom and new open-plan kitchen. The private and secure complex has 2 swimming pools and manicured gardens. There is off road covered parking included.
Property Features
- 2 bedrooms
- 2 bathrooms
- 100m² Build size
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
33,500€
Final Payment of 90% on completion
328,500€
Property Purchase Expenses
Property price
365,000€
Transfer tax 10%
36,500€
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.