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Apartment for sale in Arona, Spain - photo 1
Apartment for sale in Arona, Spain - photo 2

Apartment for sale in Arona, Spain

ID: 173072
Price€650,000
TypeApartment
Qualify for Residence Permit
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200 m2 Bar with Terrace - Los Cristianos - San Telmo

Environment
Los Cristianos in the south of Tenerife. Across the street we are on the beach enjoying a summer climate all year round. Very close to restaurants, bars, supermarkets and other shops.
Building
Free hold. 175 m2 bar + 25 m2 terrace in Las Vistas beach. Fully furnished, equipped and operating.

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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  • Spain, AronaSpain, Arona
    Apartment €207,500
    • Covered area: 65 m²
    • 2 rooms, 1 bath
Jane
Offices in Spain
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