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Ref: R3238774
Property marketed by Malaga Homes Monsoleil
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With turistic licence ! Ground Floor Apartment, Málaga historic Centre, Costa del Sol.
1 Bedroom, 1 Bathroom, Built 52 m2;.
With tenant until july 2024
Setting : Town.
Condition : Excellent.
Pool : Communal.
Climate Control : Air Conditioning.
Features : Fitted Wardrobes, Near Transport, Double Glazing.
Furniture : Fully Furnished.
Kitchen : Fully Fitted.
Category : Investment, Reduced.
1 Bedroom, 1 Bathroom, Built 52 m2;.
With tenant until july 2024
Setting : Town.
Condition : Excellent.
Pool : Communal.
Climate Control : Air Conditioning.
Features : Fitted Wardrobes, Near Transport, Double Glazing.
Furniture : Fully Furnished.
Kitchen : Fully Fitted.
Category : Investment, Reduced.
Property Features
- 1 bedroom
- 1 bathroom
- 52m² Build size
- Swimming Pool
- Setting - Town
- Condition - Excellent
- Pool - Communal
- Climate Control - Air Conditioning
- Features - Fitted Wardrobes
- Features - Near Transport
- Features - Double Glazing
- Furniture - Fully Furnished
- Kitchen - Fully Fitted
- Category - Investment
- Category - Reduced
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
23,500€
Final Payment of 90% on completion
238,500€
Property Purchase Expenses
Property price
265,000€
Transfer tax 10%
26,500€
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.