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2 bed flat for sale in Panorama, Kerkira, Greece, 90 m²

2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 1
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 2
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 3
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 4
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 5
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 6
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 7
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 8
2 bed flat for sale in Panorama, Kerkira, Greece, 90 m² - photo 9
Price€130,000
TypeFlat
Year built2000
Covered area90 m²
Beds2
Bath1
Rooms3
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Environment

Description

For sale apartment of 90 sq.meters in Thessaloniki. The apartment is located on the 1st floor and it consists of 2 bedrooms, living room, one kitchen, one bathroom. Flat has interior layout. Flat is within walking distance of cafes, shops, museums, schools, kintergarten, banks, hospital etc. Currently, the apartment is rented, so the purchase of this flat is a profitable investment! Our experts have estimated an annual profitability rate on that particular project in the proximity of2,54%from its lease. For the sake of highest possible accuracy in our calculations, we have taken into account the costs of acquisition as well as registration processes of the property in addition to legal costs and tax induced on the transfer of the property. Finally, the cost of obtaining an averageguaranteedrent of350eurosper month has also been deducted.

Extra Сosts when Buying Property

TRANSFER TAX
If the Building Licence was issued on or after 01/01/06 and the seller is a developer-contractor 24%
Otherwise 3.09%
OTHER FEES
Land Registry Fees 0.5% (+24% VAT)
Notary fees 1.5% (+24% VAT)

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Interest Rate
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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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