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Ref: EMA6102P
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This bungalow is located in the European neighborhood, one of the best areas of La Mata, just two blocks from the best beach.It has a surface area of approximately 95 m2 between the apartment and the two terraces, one exterior and one interior.It has three bedrooms, two full bathrooms, a living-dining room, and a kitchen.It faces north.The apartment has been renovated and is very well maintained, ready to move into.It is sold furnished.TOURIST LICENSECommunity Fee: €200 per yearProperty Tax: €210
Property Features
- 3 bedrooms
- 2 bathrooms
- 66m² Build size
- 96m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,500€
Final Payment of 90% on completion
166,500€
Property Purchase Expenses
Property price
185,000€
Transfer tax 8%
14,800€
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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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.