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2 bed apartment for sale in El Galeon, Adeje, Spain, 10 m²

Covered area10 m²
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2 Bedroom Apartment

For sale this modern apartment in Adeje with 2 bedrooms and 2 bathrooms. The apartment consists of a corridor / hall, fully equipped kitchen with dishwasher included, a spacious and bright living room with access to the balcony. A master double bedroom with full bathroom en suite and also with access to the balcony, a second bedroom and a second full bathroom. Fitted wardrobes in the 2 bedrooms.
The apartment has 2 thermos (one electric and the other connected to solar panels), biometric access to housing (fingerprint), electric shutters, armoured door, video intercom and fire alarm. Free Wifi in common areas.
The building consists of spacious and well maintained common areas with communal pool, gym, sauna and jacuzzi for the exclusive use of the owners.
The apartment is sold with garage and storage included in the price.
It is sold fully furnished.
Community fee €105.

Extra Сosts when Buying Property

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