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2 bed apartment for sale in Arona, Spain, 64 m² - photo 1
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2 bed apartment for sale in Arona, Spain, 64 m²

ID: 275224
Price€195,000
TypeApartment
Covered area64 m²
Land area18 m²
Beds2
Bath1
Rooms3
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Environment

2 bedroom Apartment for sale in Dinastia, Los Cristianos

2 bedroom apartment with a large terrace and views over the communal pool and mountains.  This property is being sold fully furnished and comprises of a fully fitted american style kitchen, lounge and bathroom.  The complex has a communl pool and bar on site, bars, restaurants and a shopping centre in close proximity.

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%
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    • Covered area: 40 m²
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    • 8 rooms, 7 bath
Amina
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