3 bed apartment for sale in Torrevieja, Spain, 119 m²

ID: 244290

Price	€185,000
Type	Apartment
Covered area	119 m²
Beds	3
Bath	2
Rooms	4
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Beachfront 3-bed apartment in Punta Prima

Beachfront ground floor apartment in a gated, secure development with community pool and garden areas, within walking distance to the sea and the beach.
Apartment with three bedrooms and two bathrooms (the master bedroom with bathroom en-suite), open plan living/dining room, fully equipped modern kitchen and private terrace.
The apartment also includes a covered parking space and storeroom.
Excellent situation near the seafront and all the amenities.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties	10%
VAT for new commercial properties and plots of land	21%
Property Transfer tax for re-sale property	6-10%
Stamp Duty	1%
Notary and Land Registry fees	about 2%

WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage	1%-1.5%
Mortgage deed tax	1.5%
Land Registry and notary expenses	about 2%
Bank valuation of the property	from €300
Documents translation	from €200
Insurance payments for the first year	from €300/год

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Property Price

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Years

Interest Rate

€831 per month

Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value	0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value)	25%
Annual wealth tax	0.2%-2.5%
Rubbish Collection Tax	€100-200 p.a.
Community expenses for condominiums and urbanisations	from €300 p.a.
Water and electricity rates	€100-200 per month