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3 bed flat for sale in Altea, Spain, 150 m²

3 bed flat for sale in Altea, Spain, 150 m² - photo 1
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Price€450,000
TypeFlat
Covered area150 m²
Beds3
Bath2
Rooms4
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Description

Penthouse for sale near the sea and the beach, in the picturesque town of Mascarat, near the port and restaurants famous for their seafood and fresh fish, incredible views of the entire Bay and city. The penthouse consists of 3 bedrooms, 2 bathrooms, kitchen with additional utility area, large living room with fireplace and access to huge terrace with awning, retreat from the summer heat. Excellent opportunity to purchase housing for themselves or as investment for rent luxury!

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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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
0%
Company Representatives
in Russia
Moscow
+7 (495) 240-81-87
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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