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Located in one of the most exclusive areas in the South of Tenerife this 3 bedroom townhouse is situated within a gated residential community. A good property in a premier location with easy access to the 5 star facilities of the El Duque district including the shopping centres and El Duque beach.
Building
The property comprises of 3 bedrooms, 2 bathrooms, study, independent fully fitted and equipped kitchen and dining area. Spacious lounge with direct access to the terrace and garden area.
Plot
The house of 105 m2 on a plot of 167 m2 with terrace and a garden.
Extras
Community pool and barbecue. Sold partly furnished.
WITHOUT MOTGAGE | |
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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 | |
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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 |
Sending a request does not oblige you to anything. Please, indicate as much details as possible in your request.
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 |
Legal fees | about 1% |
Estate agency fees | 3-5% |