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1 bed apartment for sale in Costa Adeje, Adeje, Spain, 8 m²

Price€360,000
TypeApartment
Covered area8 m²
Beds1
Bath1
Rooms2
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Environment

1 Bedroom Apartment

This property is located just 50 meters from the famous El Duque beach, in the most luxurious area of the South of Tenerife, Bahia del Duque, surrounded by 5 star hotels, shopping centers and restaurants. You can buy a block of 4 identical apartments from which you can join the 3 to make one large apartment if necessary. Price for the block 1.4 million euros. Apartment also has an absolutely beautiful terrace with some of the best views of the Atlantic Ocean and La Gomera. You can enjoy some of the most spectacular sunsets on the island right from your terrace. The complex has 3 swimming pools, one of them heated in the winter season, and also offers some additional services such as a hairdresser, massage center, pool bar, restaurant with a lounge where you can enjoy the frontal views of the sea, etc. Community expenses are only € 190 / month water and electricity included.

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%
Company Representatives
in Russia
Moscow
+7 (495) 240-81-87
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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