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2 bed townhouse for sale in Adeje, Spain, 241 m²

2 bed townhouse for sale in Adeje, Spain, 241 m² - photo 1
2 bed townhouse for sale in Adeje, Spain, 241 m² - photo 2
2 bed townhouse for sale in Adeje, Spain, 241 m² - photo 3
Covered area241 m²
Land area86 m²
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2 bedroom Townhouse for sale in Terrazas del Galeon, Adeje

Ref: T620 - 2 bedroom Townhouse on a residential complex and comprising of 2 bathrooms (1 en-suite), cloakroom with shower, kitchen with utility and office area off, lounge, front and back terraces plus balcony off bedroom. This property has a garage and is being sold fully furnished. Interior 241m2 Terraces 53m2 + 21m2 + 12m2.

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
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