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2 bed apartment for sale in Adeje, Spain - photo 1
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2 bed apartment for sale in Adeje, Spain

ID: 275242
Price€279,000
TypeApartment
Beds2
Bath1
Rooms3
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Environment

2 bedroom Apartment for sale in Palo Blanco, San Eugenio Bajo

2 bedroom Bungalow, centrally located and close to all local amenities with sea views.  This property is being sold partly furnished and comprises of a kitchen, lounge, bathroom and terrace.  70m2 in total including terrace.

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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Interest Rate
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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

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
  • Spain, AdejeSpain, Adeje
    House €379,500
    • Covered area: 200 m²
    • 5 rooms, 3 bath
  • Spain, AdejeSpain, Adeje
    Villa €735,000
    • Covered area: 165 m²
    • 4 rooms, 2 bath
    • Covered area: 150 m²
    • 5 rooms, 4 bath
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