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2 bed apartment for sale in Arona, Spain, 73 m²

ID: 279266
Price€155,000
TypeApartment
Covered area73 m²
Beds2
Bath1
Rooms3
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Environment

2 Bedroom Apartment

This apartment is located in Arona, Santa Cruz de Tenerife, in the area of Buzanada, on the 1st floor with elevator. It is an apartment that has 76 m2 of which 73 m2 are useful and has two bedrooms plus an office, a bathroom, independent kitchen plus a private parking space. Newly renovated with many high quality details. All new with top brand appliances with warranty. It has surveillance service with 24h camera. Community € 47 monthly ibi € 200 per year.

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
267 per month
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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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Helga
Offices in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
Office in UK
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