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1 bed apartment for sale in Los Cristianos, Arona, Spain, 71 m²

Price€299,000
TypeApartment
Covered area71 m²
Beds1
Bath1
Rooms2
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Environment

1 Bedroom Apartment

Large ground floor apartment in the complex of El Rincon de Los Cristianos. The apartment which is aprox. 70 m2 interior offers entrance, fully fitted and equipped kitchen, and lounge / diner. There is a large double bedroom with fitted wardrobes and a large bathroom with shower and corner bath. From both the double bedroom and lounge there is access to a private terrace measuring over 20 m2 with pool and garden views. The complex El Rincon offers gated entrance with inter-com entry, communal gardens and 2 communal swimming pools – one heated in the winter months. The complex is situated only second line to the sea front and a few minutes walk to the start of the Los Cristianos promenade. The property is sold fully furnished and included in the sales price is a parking space and store-room. The property is ground floor and wheel chair friendly.

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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