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2 bed apartment for sale in Arona, Spain, 63 m²

ID: 279940
Price€425,000
TypeApartment
Covered area63 m²
Beds2
Bath2
Rooms3
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Environment

Seafront 2 Bedroom Apartment

An excellent two-story duplex with 2 bedrooms, is located in Playa de Las Americas in the Parque Santiago III complex. The complex is located on the first line of El Camisón beach and there is a water park and area for children. A heated saltwater swimming pool, wi-fi. On the first floor of the apartment there is a kitchen, a living room with access to the terrace and the first bedroom with a bathroom, on the second floor there is a second bedroom and a second bathroom. The apartment is sold with furniture. Ideal complex for families, close to supermarkets, restaurants, playgrounds, promenade, taxi rank.

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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Paula
Offices in Spain
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Office in UK
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