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Villa for sale in Adeje, Spain

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New construction Caldera Del Rey

Caldera del Rey; an area declared as a natural area of national interest. Here we find a newly built development. The houses all have an edgy style with fantastic views to the entire coastline of Tenerife Sur. Caldera del Rey is a clear reflection of what economic growth means in the area. At its feet the famous theme park Siam Park. A short drive around to the center of Playa de Las Americas, schools, fabulous shopping, restaurants and more.
Spectacular modern villa built with the best materials. It features quality furnishings. It has a living area and features: Living room, dining room, kitchen (laundry room and pantry), bedroom en suite, television room, terrace with infinity pool. Terrace / garden at the entrance.First Floor: Two bedrooms, two bathrooms and a large terrace.Underground Floor: Garage and storage.
Built on a plot from 280m2 and more facing the sea with fantastic views on the ocean, neighboring islands, the coast and the mountains. From the back of the Teide and Roque del Conde.
Security System and air conditioning.

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