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Duplex Apartment in Prime Condition on the First Line in Algarrobo CostaLocation, Location, Location!!!This is a unique opportunity to acquire a duplex apartment in Algarrobo Costa, right on the first line The apartment comes with a garage space and the building is equipped with an elevatorMain Features:Entrance Floor: Includes a bedroom, a bathroom with a washing machine, and an open-plan living room and kitchen The living room features large windows that let in abundant natural light and a balcony with stunning views of the beach and seaUpper Floor: A spacious room with a TV sofa and bed, and a bathroom with a bathtub Two large skylights provide excellent natural lightPrime Location:Nearby Attractions: Just a 5-minute walk to the marina in Caleta del Velez, which boasts charming restaurants The famous Baviera Golf course is only a 10-minute drive awayAccessibility: Malaga airport is just 35 minutes away For winter sports enthusiasts, the Sierra Nevada ski resort is only a 1 hour and 40-minute drive, allowing you to ski in the morning and swim in the sea in the afternoonWith this duplex apartment in Algarrobo Costa, you can enjoy the best of both worlds – beach and sea activities, along with easy access to golfing and skiing
Property Features
- 2 bedrooms
- 2 bathrooms
- 82m² Build size
- Balcony
- Beachfront
- urbanization: ToscaMar, Portichol, Mar Azul, Cap Marti, Tosalet
- Lift
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
35,000€
Final Payment of 90% on completion
342,000€
Property Purchase Expenses
Property price
380,000€
Transfer tax 10%
38,000€
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.