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Land for sale in Alfaz del Pi, Spain, 2400 m²

Land for sale in Alfaz del Pi, Spain, 2400 m² - photo 1
Land for sale in Alfaz del Pi, Spain, 2400 m² - photo 2
Price€520,000
TypeLand
Covered area2400 m²
Land area2400 m²
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Description

Albir is a Spanish village located between Altea and Benidorm, on the coast, which is famous for its long sandy beaches, clear sea water and a unique mild climate - from the mainland town close the mountains that protect it from wind and sea breeze, day breeze wind blowing from the sea and cools sun-warmed coast. Night it changes the direction and the accumulated heat replaced the coolness from the mountains. The town is small, quiet and not noisy, with a peaceful atmosphere. 6 km away is Benidorm - a recognized center of tourism and entertainment of the Costa Blanca. Alicante airport is an hour drive away and Valencia one and a half.
For sale - land on the Golden mile, an attractive option for investment. The plot area is 2400 m2, it exists a legal possibility of division into three individual plots for subsequent construction of the villas or in the common area you can build five spacious bungalows with their own plots.
 

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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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%
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