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Ref: JBRID5515
Property marketed by JMT Spanish Properties
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Torrevieja 1km Beach. Townhouse/quad set on corner plot, close to sports city with 3 bedrooms , 1 full bathroom and downstairs cloakroom, property also has lounge/diner , kitchen , good size terrace and garden with storage and off road parking. Communal pool on this nice community for owners and their guests only. Walk to all amenities , good bus service also covers this popular area. Book to view this property and others to match your budget and criteria with JMT Spanish Properties.
Property Features
- 3 bedrooms
- 2 bathrooms
- Swimming Pool
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,750€
Final Payment of 90% on completion
96,750€
Property Purchase Expenses
Property price
107,500€
Transfer tax 8%
8,600€
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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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.